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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
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
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
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