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“Brexit” leaves the UK “better”, despite the harsh economic forecasts

Theresa May said its Brexit deal would leave the UK “better,” because it defended its deal before official economic forecasts predicting rapid growth.

The exit from the EU according to the plans of the government can reduce the gross domestic product of Great Britain (GDP) by 2.5% and 3.9% compared with the balance in the block, Work of the Treasury and other departments of Whitehall revealed.

The 83-page document published on Wednesday did not provide a specific analysis of the Brexit deal, which the Prime Minister is trying to break through the parliament.

But he analyzed the likely impact of the proposals agreed upon by the checkers cabinet in July, and is outlined in the subsequent technical document of the government.

He also modeled Britain's influence on the establishment of Norway’s relations with the EU after Brexit, the Canadian-style free trade agreement with the bloc, as well as the Brexit effect “without a deal”.

In each scenario, the UK economy was projected over the next 15 years, but not as quickly as it would have been done without leaving the EU.

Without the agreement, Brexit can see economic growth up to 10.7% less, the analysis says.

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Ms. Mai used the analysis to continue to insist on her decision on the Brexit case, since she had to fight to convince the deputies to support her agreement in the 11 December vote of the House of Commons.

Speaking during the questions of the Prime Minister, she said: “The analysis does not show that today we will be poorer than the status quo.

“Analysis shows that this is a strong economy that will continue to grow, and that the model that is really best suited for securing the voice of the British people, as well as for our work and our economy, is the model that the government has put forward.”

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In an interview with Sky News earlier, Chancellor Philip Hammond said that the analysis showed that the Brexit deal from the Prime Minister offers political benefits from being outside the EU with "very little economic costs."

Whitehall document was followed later on Wednesday by publishing even more dramatic predictions Bank of England.

He claimed that a messy deal was irrelevant. Brexit can see that the UK economy is declining by almost 8%, the price of a fall in a pound, a 30 percent decline in housing prices, unemployment almost doubles, and inflation is rising to 6.5%.

Chancellor Philip Hammond discusses the cost of Brexit in the UK economy.


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Bank of England Governor Mark Carney stressed that the work does not constitute a forecast, but instead is “the worst version” without the Brexit deal, to help him “be ready for all possible events.”

He also said that the UK banking system is strong enough to resist the messy Brexit.

But, Mr. Karni’s explanation of the bank’s performance did not satisfy Brexiteers.

Bank of England Governor Mark Carney explains the institution’s approach to Brexit’s worst-case scenario.


Carney: “Our task is not to hope for the best, but to prepare for the worst.”

Tory eurosceptic presenter Jacob Rees-Mogg called the governor of the bank "a Canadian second-tier politician who could not get into Canadian politics and got a job in the UK."

He told Sky News: “I don’t think he is very respected, and he is deeply politicized to the detriment of the Bank of England’s reputation.”

Those who wanted to hold the second Brexit referendum used a dual economic analysis to put forward their claims for a new public vote on EU membership.

With the Prime Minister, estimated to be more than 60 votes less than the majority she needs for the House of Commons to approve her deal with Brexit, Labor Shadow Chancellor John McDonnell suggested that the new referendum could be “inevitable”.

Brexiter Jacob Rees-Mogg is not convinced by Mark Carney.


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Recognizing this will be “very difficult” to force a general election, even if deputies vote for the Brexit deal, Mr. McDonnell told the BBC: “If this is not possible, we will call on the government to join us in an open vote.

“And, again, it is difficult to judge at every stage. But this is a sequence, I think that we will inevitably go through this period. ”

Speaking of a trip to Scotland later, when she continues her tour of the UK to sell her agreement, the Prime Minister said that Mr. McDonnell’s comments constitute "the true position of the Labor Party."

“Labor just wants to upset Brexit, they want to go against and protest the voices of the British people,” she said.

Before the Brexit crisis on December 11, Ms. Mai could have another headache.

Speaker of the House of Commons, John Berkov, said he would consider whether the government acted in the “contempt” of parliament if it still refuses to publish full legal advice on the withdrawal agreement.

Later on Wednesday, the government revealed that it would accept up to six amendments to the proposal that the deputies hold their “meaningful vote” on the Brexit deal, which could lead to the latest attempts of the second referendum or “soft” Brexit.

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