HomeLatest ThreadsGreatest ThreadsForums & GroupsMy SubscriptionsMy Posts
DU Home » Latest Threads » Forums & Groups » Main » General Discussion (Forum) » Brexit could cost the UK ...

Mon Mar 2, 2020, 03:03 PM

Brexit could cost the UK up to 30 times more than Trump trade deal

Brexit could cost the UK economy up to 30 times as much as the country hopes to gain back from securing a new trade deal with US President Donald Trump, official figures suggest.

The UK's Department for International Trade on Sunday evening published its objectives for talks with the Trump administration ahead of negotiations scheduled for later this month.

The department's analysis estimated that an independent new trade deal with the US possible only because of Brexit would boost the UK economy by as much as 3.4 billion, or up to 0.16%, over the next 10 to 15 years.

However, this figure is dwarfed by estimates of the cost of Prime Minister Boris Johnson's Brexit deal.

A UK government analysis published in November 2018 suggested that a modelled average free-trade agreement along the lines of Johnson's planned deal with the European Union would reduce economic growth by about 4.9% and up to 6.7% over 15 years.

https://www.businessinsider.com/brexit-will-cost-uk-more-than-donald-trump-trade-deal-2020-3

4 replies, 406 views

Reply to this thread

Back to top Alert abuse

Always highlight: 10 newest replies | Replies posted after I mark a forum
Replies to this discussion thread
Arrow 4 replies Author Time Post
Reply Brexit could cost the UK up to 30 times more than Trump trade deal (Original post)
Blue_Tires Mar 2 OP
malaise Mar 2 #1
Blue_Tires Mar 2 #3
malaise Mar 2 #4
Wellstone ruled Mar 2 #2

Response to Blue_Tires (Original post)

Mon Mar 2, 2020, 03:07 PM

1. And they have no wealthy colonies left to loot

Should be fun to watch

Reply to this post

Back to top Alert abuse Link here Permalink


Response to malaise (Reply #1)

Mon Mar 2, 2020, 03:12 PM

3. Wow... I just noticed you're at 200k posts??

It took me like 9-10 years to get to 50k, and in the 7+ years since I've only got like 5k...

Reply to this post

Back to top Alert abuse Link here Permalink


Response to Blue_Tires (Reply #3)

Mon Mar 2, 2020, 03:19 PM

4. Hahahaha

No Facebook, no Twitter and Retirement - lots of hurricane warnings among them

Reply to this post

Back to top Alert abuse Link here Permalink


Response to Blue_Tires (Original post)

Mon Mar 2, 2020, 03:12 PM

2. Economist's have said,

the UK as a whole would lose 25% of it's present day value. And that amount could go higher depending on how the Johnson Government Policies effect the Nation's Populace.

The Closing of a small Cosmetics Company last week because of mainland tariff's and VAT Tax's,forced this Company to move to their major customer sources on the Mainland. Just the start.

Reply to this post

Back to top Alert abuse Link here Permalink

Reply to this thread