2019-05-09 | By newsstory | 89 Hits

Britains economy will be around 3 percent poorer over the long term if it leaves the European Union and retains a customs union with the bloc the option favored by the opposition Labour Party academic forecasters predicted on Thursday The National Institute of Economic and Social Research NIESR said the longrun loss after 10 years compared to staying in the EU would be equivalent to around 800 pounds 1040 per person per yearLeaving the EU for a customs union will make it more costly for the UK to trade with a large market on our doors >>READ MORE