Brexit could cost the UK up to 30 times more than Trump trade deal

[Blue_Tires]

Brexit could cost the UK economy up to 30 times as much as the country hopes to gain back from securing a new trade deal with US President Donald Trump, official figures suggest.

The UK's Department for International Trade on Sunday evening published its objectives for talks with the Trump administration ahead of negotiations scheduled for later this month.

The department's analysis estimated that an independent new trade deal with the US — possible only because of Brexit — would boost the UK economy by as much as £3.4 billion, or up to 0.16%, over the next 10 to 15 years.

However, this figure is dwarfed by estimates of the cost of Prime Minister Boris Johnson's Brexit deal.

A UK government analysis published in November 2018 suggested that a modelled average free-trade agreement along the lines of Johnson's planned deal with the European Union would reduce economic growth by about 4.9% and up to 6.7% over 15 years.

https://www.businessinsider.com/brexit-will-cost-uk-more-than-donald-trump-trade-deal-2020-3

[malaise]

1. And they have no wealthy colonies left to loot

Should be fun to watch

[Blue_Tires]

3. Wow... I just noticed you're at 200k posts??

It took me like 9-10 years to get to 50k, and in the 7+ years since I've only got like 5k...

[malaise]

4. Hahahaha

No Facebook, no Twitter and Retirement - lots of hurricane warnings among them

[Wellstone ruled]

2. Economist's have said,

the UK as a whole would lose 25% of it's present day value. And that amount could go higher depending on how the Johnson Government Policies effect the Nation's Populace.

The Closing of a small Cosmetics Company last week because of mainland tariff's and VAT Tax's,forced this Company to move to their major customer sources on the Mainland. Just the start.