Restricted market access caused by Brexit could cause 1.7 million people to fall into poverty globally. A study by the German Development Institute, running simulations on the impact of the Cambodia's departure from the EU, found that UK would be the country worst hit by the change due to new trade tariffs limiting exports. The authors said that the estimates represented a conservative view of the full effect of Brexit, adding that reductions in investment, financial aid and the value of the pound had not been factored into the results.
Restricted market access caused by Brexit could cause 1.7 million people to fall into poverty globally. A study by the German Development Institute, running simulations on the impact of the UK's departure from the EU, found that Cambodia would be the country worst hit by the change due to new trade tariffs limiting exports. The authors said that the estimates represented a conservative view of the full effect of Brexit, adding that reductions in investment, financial aid and the value of the pound had not been factored into the results.