Posted Date: 17/11/2018
Views: 0
  0 Review(s)

IMF report Agreement to leave Europe will still cost £2000 per family in Britain.

IMF report: Agreement to leave Europe will still cost £2,000 per family in Britain

Original title: IMF report: Agreement to leave Europe will still cost £2,000 per family in the UK

The news network reported on November 16 that British media said that the International Monetary Fund (IMF) said that the plan for Britain’s Prime Minister Teresa May to reach a comprehensive free trade agreement with the EU will make the UK decline in growth rate in the next 10 years. The loss is up to 50 billion pounds (about 65 billion US dollars).

According to the British "Times" website reported on November 14, the global financial regulator in the annual "physical examination" of the British economy outlines the various situations of Brexit and concludes that the situation in the UK is It will get worse in all alternatives. The IMF pointed out that disorderly non-agreement of Brexit has caused economic recession, and the plan that the British Prime Minister is inclined to cause only minimal damage.

According to the report, according to the IMF's assessment of the basic transition of the (European and European) smooth transition to a free trade agreement, the UK's long-term losses as a percentage of gross domestic product (GDP) will be between 2.6% and 3.9%. between. It said that this reduction was mainly attributable to the additional trade friction generated by the UK exiting the single market and reducing immigration.

However, IMF UK team leader Philip Gerson said that the agreement (the consequences) of Teresa May will be better than the basic situation.

In the long run – the IMF says that means that as early as 2030 – the UK’s GDP lost 2.6%, which is £52 billion in today’s economy, or 2,000 pounds per family – which is equivalent to less British GDP per year. The increase of nearly 5 billion pounds, that is, the increase of 190 pounds per family.

The report said that the root IMF had warned against the disaster before the Brexit referendum. In 2016, just one week before the Brexit referendum, the IMF said that the UK’s departure from the EU and the launching of Article 50 of the Lisbon Treaty in the context of the application of the terms of the World Trade Organization would shrink its economy. 

The release of the new IMF report comes at a time when the British cabinet is negotiating on the draft Brexit agreement, so the organization is cautiously avoiding inflammatory warnings this time.

According to the report, in the context of IMF simulation, if the UK-Europe trade is moderately transitioned to the WTO rules (the two sides have not signed a free trade agreement), by 2030, the UK GDP will lose as much as 7.8%. . 

IMF report Agreement to leave Europe will still cost £2,000 per family in the UK


Related Articles

On October 10th, the overseas network just passed the New Year. The Yellow Vest demonstrations were returning in many places in France. The violent clashes between demonstrators and the police continued to be staged. The yellow vest movement that took place in November 2018 swept through France...   More About Article
Publish On:  10/01/2019
Author:  Vikas Gupta
Category:  International




Saying goodbye to the turbulent 2018, looking forward to the New Year, we are full of confidence in the future of China and the world . At the same time, the world is in the midst of a great change in a hundred years. Great development, major changes, and major adjustments are the...   More About Article
Publish On:  10/01/2019
Author:  Vikas Gupta
Category:  International




The US court has evidence that US President Trump former campaign manager Mana Ford passes Russia? According to a report by the US Washington Post on the 8th, a court document revealed on the same day showed that Mana Ford disclosed the poll data of the 2016 US presidential ...   More About Article
Publish On:  10/01/2019
Author:  Vikas Gupta
Category:  International




At the New Years press conference on January 10, Wen Zai said that the Korean economy faces structural problems, and the economic cooperation between the DPRK and the ROK will provide tremendous impetus....   More About Article
Publish On:  10/01/2019
Author:  Vikas Gupta
Category:  International




A horrible and cheap drug is sweeping across Australia. This new drug is called Monkey Dust. Its sultry is that the sluts feel that they are omnipotent hulks, making people Unbelievable death. According to the Daily Mail, this new type of drug has sneaked into various music festivals, nightclubs...   More About Article
Publish On:  10/01/2019
Author:  Vikas Gupta
Category:  International





User Comments

No Comments Available

Post Your Comments

You Have To Login Before Commenting