Brexit Will Make the UK Poorer - According to the Government

Credit: One News Page Staff- Published 2 weeks ago
by 👩‍💻 Stephanie Boyd

Is there a day that truly goes by without some media outlet somewhere talking about the ever-evolving saga that is Brexit? Britain’s forthcoming exit from the European Union is nothing short of unprecedented – which is what has arguably led to a number of the administrative issues and in-fighting which appears to have been unfolding over the past few months. With just a few months to go until the divorce is officially set to take place, the British government has been struggling within itself to get a grip on a good deal to represent the will of the people and to appease those within the EU in negotiations. However, according to recent governmental forecasts, it seems that any hopes of the UK becoming better off after Brexit are fading fast.

According to BBC News, government analysis shows that the UK’s economy could be set to shrink by a further 3.9% should Prime Minister Theresa May’s current plans for Brexit be adhered to for 15 years. May has continued to state in the face of growing unrest and division that the deal she has proposed will be the best for the country – and with a 9.3% economic downturn expected should the country drop out of talks without a deal, it appears she may be onto something.

“Our deal is the best deal available for jobs and our economy, that allows us to honour the referendum and realize the opportunities of Brexit,” May confirmed during Prime Minister’s Questions on November 28th. However, while the PM’s deal may seem like the best option on the table right now, many are discussing whether or not Brexit should go ahead at all given the choice that’s available.

Any Version of Brexit Will Make the UK Poorer, Reports Say [video]

Many ‘Leave’ voters are unhappy that the plans laid out by May are failing to remove the EU from future deals as much as they had been led to believe. Meanwhile, MPs within May’s own party are increasingly concerned that the deal proposed fails to live up to the ‘will of the people’.

While a deal has apparently been earmarked by May and the EU in recent days, the deal still needs to receive approval from Parliament – and with many experts saying it won’t, the UK is left with the very real possibility of crashing out without a deal at all. Otherwise, this means taking May’s plan or cancelling Brexit completely!

Theresa May is stumped by a question over the UK's future relationship with the EU [video]


Recent related videos from verified sources

Any Version of Brexit Will Make the UK Poorer, Reports Say 00:59
Credit: Newsy Studio - Published 2 weeks ago 

Any Version Of Brexit Will Make The UK Poorer, Reports Say 01:00
Credit: Rumble - Published 2 weeks ago 

UK to Publish Brexit Economic Analysis On Wednesday 00:31
Credit: Wochit News - Published 2 weeks ago 

Recent related news from verified sources

According to analysts at Rabobank, today we get another day of opacity, mendacity, and pedantry in the form of Brexit debate in the UK and will be a key event...
1 week ago •

· The pound is hovering at about $1.26 as government uncertainty clashes with optimism about a Brexit delay. HSBC, Barclays and RBS have unexpectedly risen....
2 days ago • Business Insider

In view of analysts at ABN AMRO, recent developments in the UK politics has reduced the risk of a disorderly Brexit. *Key Quotes* “Opposition to UK Prime...
1 week ago •

According to reporting by Reuters, UK Prime Minister Theresa May's office announced in no uncertain terms that December 11th will be seeing a parliamentary vote...
1 week ago •

You might like