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Brexit cost will be four times greater for UK than EU, Brussels forecasts

Departure to cost EU 0.5% of GDP but UK 2.25% by end 2022, according to first official estimate since deal was agreed

The economic blow dealt by Brexit will be four times greater in the UK than the EU, according to the latest forecasts by Brussels.

  • Richard Partington
  • The Guardian

A month into the new relationship, the European commission said the UK’s exit on the terms agreed by Boris Johnson’s government would generate a loss in gross domestic product…

In contrast, the hit for the EU is estimated to be about 0.5% over the same period.

Equivalent to lost economic output worth…

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