Are you concerned about the economic impact of Brexit?
A leaked Government analysis has forecast that any outcome from Brexit would damage economic growth.
Britain’s economy will be worse off after Brexit whether it leaves the EU with a free trade deal, single market access, or with no deal at all, according to the leaked document.
The papers prepared by the Department for Exiting the EU and obtained by website Buzzfeed make for sober reading.
According to the report, every UK region would be affected negatively in all the modelled scenarios. The North East, the West Midlands, and Northern Ireland are the three regions facing the biggest falls in economic performance.
The papers also suggested that, even with a comprehensive trade deal, UK growth would be down by 5% over the next 15 years. This would rise to 8% if Britain left without a deal and was forced to fall back on World Trade Organisation rules.
Prime Minister Theresa May has come under fire for a lack of clear Brexit strategy, and many are concerned about the negative impact Brexit fallout could have on jobs, household income, the NHS, and more.
MPs are deeply divided over what the best course of action is.
In recent months the national mood has also undergone a shift, with many expressing a feeling of unease over the outcome of the Brexit negotiations.
Some are calling for a second referendum vote – which even received unexpected support from Brexit supporter Nigel Farage last month.
What do you think? Are you concerned about the economic impact of Brexit? Or do you believe it’s best to stay the course and that any economic uncertainty would be a short-term sacrifice?
