Hard Brexit

A hard Brexit could cost the UK £80 billion

According to a report from the UK's Department For Exiting The European Union that was leaked to Buzzfeed news, a hard Brexit could cost public finances £80 billion. On a regional basis, the leave-voting strongholds of the North-east and the West Midlands would be worst hit economically. Sky News obtained the figures from the report which expects the former to suffer a 16 percent decrease in GDP while the latter's would fall by 13 percent within a decade and a half. The North-west and Northern Ireland would also suffer a hard Brexit blow of 12 percent while as a whole, the UK would experience an 8 percent drop.

Description

This chart shows the expected % decrease in GDP by region in the case of a hard Brexit.

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Forecasted change in GDP for selected European countries in 2030 as a result of the UK leaving the EU, by scenario*
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Forecasted long-term effects of the Brexit on GBP per household in the United Kingdom (UK) in 2030, by scenario
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Losses in the real GDP value of the United Kingdom due to Brexit between 2016 and 2020 (in billions of pounds)
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Forecasted long-term effects of Brexit on real GDP in the United Kingdom (UK) in 2030, by scenario
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Forecasted percentage change of major economic indicators in a 'no transition no deal' Brexit scenario in the United Kingdom (UK) in 2018*
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