And Britons will feel the pain in their wallets and purses, with income-per-head forecast to fall by 6 per cent — just 2 per cent less than if there had been a no-deal Brexit. The new report by Thomas Sampson, associate professor of economics at LSE, found that the most important impact of Brexit on future trade arises from the UK leaving the EU single market and customs union , creating barriers to cross-Channel commerce. However, his study predicts even harsher effects on services industries, after the prime minister failed to secure agreement on access to the crucial EU market. Overall, the professor forecast a 36 per cent fall in exports to the EU over the next decade, a 30 per cent decline in imports, and for total UK trade to fall by 13 per cent.
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Note that large threads are still paginated and you have to click More at the bottom of the page to see the rest. Click the link for cmd-f 'virus': 0 results Predictions are hard. Sebb 53 days ago. Even though Corona was already in the news at that time. Oh well, at least we weren't the only ones to get caught of guard. That discussion was Dec 16,
The prime minister was confronted in the House of Commons by DUP Westminster leader Sir Jeffrey Donaldson, who said direct government intervention was needed to deal with empty supermarket shelves. But Mr Johnson played down the seriousness of the problem, caused by the introduction of a customs border down the Irish Sea under the terms of the EU withdrawal agreement which he signed. Keir Starmer sets out plan for British Recovery Bond to allow people to invest billions in local communities.