The UK would be £615m ($858m) worse off each week under the government's preferred Theresa May's scenario, according to think tank Global Future. The analysis, based on Prime Minister Brexit Mansion House speech, calculated the preferred deal would result in £40bn more annual public borrowing by 2033/34 than the current system. The scenario would see the UK leave the single market and Customs Union while maintaining access to EU markets with minimal tariff and non-tariff barriers. The research concluded the UK would be better off with this scenario than a no-deal but worse off than the Norway or Canada models.
The UK would be £615m ($858m) worse off each week under the government's preferred Brexit scenario, according to think tank Global Future. The analysis, based on Prime Minister Theresa May's Mansion House speech, calculated the preferred deal would result in £40bn more annual public borrowing by 2033/34 than the current system. The scenario would see the UK leave the single market and Customs Union while maintaining access to EU markets with minimal tariff and non-tariff barriers. The research concluded the UK would be better off with this scenario than a no-deal but worse off than the Norway or Canada models.