The UK government is expected to publish its assessment of the impact of different Brexit outcomes today. BoE will also publish it’s own assessments on interest rates implications.
According to a report by the Daily Telegraph, the government would show that with PM Theresa May’s Brexit deal, the UK economy would be 1-2% smaller in 15 years time comparing to remaining in EU. In case of no-deal, the economy would be 7.6% smaller.
Separately, Chancellor of Exchequer Philip Hammond told BBC that “If the only consideration, the only consideration, was the economy, then the analysis shows clearly remaining in the European Union would be a better outcome for the economy, but not by much. But he also noted that “The prime minister’s deal delivers an outcome that is very close to the economic benefits of remaining in.”
