Brexit will affect the British economy more negatively than the pandemic

The UK’s exit from the EU in the long term will have more negative consequences for the British economy than the COVID-19 coronavirus pandemic, the BBC reports, citing the Fiscal Affairs Office.

“In the long term, the impact of Brexit is more significant than the impact of the pandemic,” said the chairman of the department Richard Hughes.

According to him, according to forecasts, leaving the EU by 4% will reduce potential GDP in the long term. At the same time, the pandemic is expected to further reduce this figure by 2%.


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