Article preview: With a crunch House of Commons vote on the proposed Brexit deal fast approaching, the latest economic forecasts paint a fairly bleak picture of its impact on the British economy. According to HM Treasury, Brexit will result in the UK economy being worse off in the future under all considered scenarios. Based on Prime Minister Theresa May’s earlier Chequers deal, they are forecasting the economy could be 3.9% smaller in the 2030s than it would otherwise be if we stayed in the European Union. Should a no-deal Brexit take place, the British economy in the 2030s is forecast to be 9.3% smaller than it would otherwise have been.
What will Brexit mean for your money?
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This 901 word blog post explores the latest forecasts of the economic impact of Brexit and shares some tips for preparing your personal finances. Includes an expert comment from Becky O’Connor, personal finance specialist at Royal London. Written on 29th November 2018.
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