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Britain’s Brexit Divide Could Widen to 7% of GDP
For the economy, the difference between no deal or no Brexit is about 7% of GDP by 2030.
30 May 2019, 05:05 PM IST 
Brexit protesters wave flags made up of a European Union flags and British Union flags, otherwise known as a Union Jack, outside the Houses of Parliament in London, U.K. (Photographer: Chris Ratcliffe/Bloomberg)
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The disastrous showing for the both the Conservatives and Labour party in the European elections has raised the likelihood of more extreme Brexit outcomes. The choice for lawmakers, and possibly the electorate, may be between no deal or no Brexit. For the economy, the difference between those two outcomes is about 7% of GDP by 2030, according to Bloomberg Economics’ estimates.
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