The UK government (i.e. Treasury) will release forecasts for the UK economy under various Brexit scenarios
- report is due Wednesday morning, UK time
I posted on it (and BoE forecasts due also) here earlier:
UK press (Telegraph) reports now:
- Treasury analysis finds UK will be £150bn worse off under no-deal
- Analysis says GDP will be 7.6% lower under no-deal over 15 years than staying in EU, Chequers 1-2% lower, EEA 1.4%, FTA 4.9%
Of course, there are those disputing the numbers:
- Telegraph can reveal Andrea Leadsom told Hammond she would 'wager a very large sum' his numbers are wrong
- Chris Grayling said nobody believes Treasury forecasts because it has 'cried wolf' too many times
A UK government source quoted as saying (poor dude sounds rather jaded):
- Remainers will be able to say we are worse off under the PM's deal
- Eurosceptics will accuse us of Project Fear
LOL. He's got that right.
