During the process of leaving the EU,
the country’s economy shrank by 2.5-3%. In the case of Brexit without a deal,
the country’s debt will rise to its highest in half a century.
Due to the process of the UK’s exit from the European Union, the country’s
economy shrank by 2.5-3% and lost £60 billion ($73.8 billion). This is stated
in the report of the Institute for Fiscal Studies, reports the press service of
the Scottish National Party. According to the research, the British
government’s plans to implement Brexit without a cooperation agreement with
Brussels can increase the national debt to a 50-year high, which is likely to
double to 100 billion ($123 billion).
One of the
report’s authors, Citi chief economist Christian Schulz, pointed out that
investment in British business had fallen by 20% due to Brexit. He also noted
that “staying in the EU would be the best scenario for economic growth.”
Minister Boris Johnson compromised on Brexit. Johnson said he would not carry
out checks on the border between the Republic of Ireland and Northern Ireland.
He stressed that this is a compromise on the part of the UK.
Later in the
European Commission, Johnson’s “compromise” on Brexit was called
“controversial”. Juncker noted the positive developments in Johnson’s proposals,
but they still have “controversial moments” regarding the backstop and the
border between Ireland and Northern Ireland.