EU to lose £500bn and UK to gain £640bn in no-deal Brexit, economist claims
A "no deal" outcome from the Brexit negotiations would lead to a £500 billion loss for the European Union, according to a new analysis.
A study by Patrick Minford, a professor of economics at Cardiff University, states that while a failure to reach a deal would lead to "short term nuisance" for both sides, Brussels would face a "substantial economic loss", compared to a net gain for the UK.
Prof Minford, who chairs the Eurosceptic Economists for Free Trade group, concludes: "It could not be more open and shut who least wants a breakdown".
https://www.telegraph.co.uk/politics/2018/01/13/eu-lose-500bn-uk-gain-640bn-no-deal-brexit-economist-claims/
Older article from lb
Panic in UK and EU?
Brexit is due March 29.
May is fucked.
Watch Mika's face change as she reads from teleprompter about Mueller report:
https://mobile.twitter.com/AndreaNRuth/status/1109049236572856322