Subscribe to our newsletter
Post-Brexit customs union would make Britain 3 percent poorer - NIESR

Post-Brexit customs union would make Britain 3 percent poorer - NIESR

Britain’s economy will be around 3 percent poorer over the long term if it leaves the European Union and retains a customs union with the bloc, the option favoured by the opposition Labour Party, academic forecasters predicted on Thursday.

  • Shared by Reuters
  • May 09, 2019
share this article

The National Institute of Economic and Social Research (NIESR) said the long-run loss after 10 years, compared to staying in the EU, would be equivalent to around 800 pounds per person per year.

Read more at Reuters

Receive the latest Financial Accountant news,
opinion and features direct to your inbox.

related articles