Subscribe to our newsletter

sign up

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.

FRC fines KPMG £5m over Co-Op Bank audit failings

HMRC ramps up fines for money laundering failures

related articles

Empty shop numbers rise as COVID continues to bite

UK mortgage lending booms but consumers stay wary about debt

UK’s search for trade with developing countries raises TBML alarm

Businesses that failed to service deferred VAT slapped with fines

UK watchdog demands 40% women in boardrooms, ethnic diversity

Calls to extend complex Brexit Support Fund

must reads

latest poll

When it safe to do so do you anticipate that your business will want to facilitate more employees working from home than it used to?

View previous polls

recent comments

array(2) { [0]=> object(stdClass)#9744 (31) { ["id"]=> string(5) "22556" ["contentid"]=> string(5) "36863" ["component"]=> string(11) "com_content" ["ip"]=> string(14) "162.158.158.57" ["userid"]=> string(1) "0" ["modified_by"]=> string(1) "0" ["date"]=> string(11) "1 week ago." ["modified"]=> string(19) "0000-00-00 00:00:00" ["name"]=> string(13) "PK. FFA FIPA" ["email"]=> string(0) "" ["website"]=> string(0) "" ["notify"]=> string(1) "0" ["title"]=> string(0) "" ["comment"]=> string(40) "Our CEO is absolutely correct in his..." ["published"]=> string(1) "1" ["deleted"]=> string(1) "0" ["spam"]=> string(1) "0" ["voting_yes"]=> string(1) "0" ["voting_no"]=> string(1) "0" ["parentid"]=> string(2) "-1" ["importtable"]=> string(0) "" ["importid"]=> string(1) "0" ["importparentid"]=> string(2) "-1" ["unsubscribe_hash"]=> string(32) "9815907e32a737065cc367203916afc5" ["moderate_hash"]=> string(32) "966f324acb03b84a75ca45f36c79072d" ["customfields"]=> string(0) "" ["user_realname"]=> NULL ["user_username"]=> NULL ["user"]=> string(13) "PK. FFA FIPA" ["link"]=> string(57) "/component/comment/?task=comment.gotocomment&id=22556" ["overlayComment"]=> string(109) "Our CEO is absolutely correct in his article ,lawyers,Doctors,etc are protected why not qualified accountants" } [1]=> object(stdClass)#9771 (31) { ["id"]=> string(5) "22555" ["contentid"]=> string(5) "38648" ["component"]=> string(11) "com_content" ["ip"]=> string(13) "141.101.98.30" ["userid"]=> string(1) "0" ["modified_by"]=> string(1) "0" ["date"]=> string(11) "1 week ago." ["modified"]=> string(19) "0000-00-00 00:00:00" ["name"]=> string(9) "Anonymous" ["email"]=> string(0) "" ["website"]=> string(0) "" ["notify"]=> string(1) "0" ["title"]=> string(0) "" ["comment"]=> string(41) "My comments are on the basis that this..." ["published"]=> string(1) "1" ["deleted"]=> string(1) "0" ["spam"]=> string(1) "0" ["voting_yes"]=> string(1) "0" ["voting_no"]=> string(1) "0" ["parentid"]=> string(2) "-1" ["importtable"]=> string(0) "" ["importid"]=> string(1) "0" ["importparentid"]=> string(2) "-1" ["unsubscribe_hash"]=> string(32) "0ef6e121007104d21f54bd6ebbf943f7" ["moderate_hash"]=> string(32) "14ea9342c0bff6f7d2a5a147f8b8b66f" ["customfields"]=> string(0) "" ["user_realname"]=> NULL ["user_username"]=> NULL ["user"]=> string(9) "Anonymous" ["link"]=> string(57) "/component/comment/?task=comment.gotocomment&id=22555" ["overlayComment"]=> string(100) "My comments are on the basis that this money in a jam-jar approach solves nothing in the national..." } }