According to the National Institute of Economic and Social Research (NIESR), the UK academic forecasters, the British economy will be around 3% poorer over the long term if it leaves the European Union (EU) and retains a customs union with the bloc, as cited by Reuters. Key Findings: “The long-run loss after 10 years, compared to staying in the EU, would be equivalent to around 800 pounds ($1,040) per person per year. NIESR’s report did not look at the option favoured by Prime Minister Theresa May, which would see a looser EU trading relationship than a customs union. Overall gross domestic product 10 years after Brexit would be 3.1 percent lower in a customs union scenario than if Britain stayed in the EU, and tax revenues would fall by 2.9 percent. Lower immigration would limit the per capita reduction in GDP to 2.3 percent, equivalent to 800 pounds per head.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next Crypto market overview: Bitcoin (BTC) breaks $6,000, bulls rejoice FX Street 3 years According to the National Institute of Economic and Social Research (NIESR), the UK academic forecasters, the British economy will be around 3% poorer over the long term if it leaves the European Union (EU) and retains a customs union with the bloc, as cited by Reuters. Key Findings: "The long-run loss after 10 years, compared to staying in the EU, would be equivalent to around 800 pounds ($1,040) per person per year. NIESR's report did not look at the option favoured by Prime Minister Theresa May, which would see a looser EU trading relationship than a customs union. Overall gross… Top Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
