Leaving the EU will make the UK economy weaker compared to staying in the bloc, according to government forecasts. Official Treasury figures predict Theresa May's Brexit plan will mean the economy is as much as 9.3% smaller in 15 years than it would be if the UK stayed in the EU, whilst a no-deal could see it reduced by 3.9%. The PM maintains her deal is the best option available. Independent commentators say the as much as 9.3% figure would be around £100bn a year by the 2030s. Eurosceptics argue the forecasts don't take into account future trade deals with non-EU countries.
Leaving the EU will make the UK economy weaker compared to staying in the bloc, according to government forecasts. Official Treasury figures predict Theresa May's Brexit plan will mean the economy is 3.9% smaller in 15 years than it would be if the UK stayed in the EU, whilst a no-deal could see it reduced by as much as 9.3%. The PM maintains her deal is the best option available. Independent commentators say the 3.9% figure would be around £100bn a year by the 2030s. Eurosceptics argue the forecasts don't take into account future trade deals with non-EU countries.