+353-1-416-8900REST OF WORLD
+44-20-3973-8888REST OF WORLD
1-917-300-0470EAST COAST U.S
1-800-526-8630U.S. (TOLL FREE)

Brexit Negotiations

New Research Finds No Deal Brexit Could Cost Britain $174 Billion a Year

A surge in coronavirus cases is increasing the pressure to seal a post-Brexit trade deal. Prime Minister Boris Johnson has set Oct 15 as the deadline for finalizing a post Brexit deal which will take effect once the United Kingdom leaves informal EU membership at the end of this year. As the deadline to secure a deal draws closer, analysts argue that it has become even more important to secure a trade deal that will avoid higher trading costs for UK companies in order to help mitigate economic damage caused by the pandemic. 


New research by law firm Baker & Mckenzie predicts that failure to secure a deal could cost the United Kingdom around £134 billion ($174 billion) each year in lost GDP for a decade. It is predicted that the COVID-19 outbreak will cut Britain’s GDP by 2.2% below anticipated pre-pandemic levels. On top of that Brexit is expected to cut GDP by 3.1% with exports falling by 6.3%. However, without a trade deal, the cost of Brexit could increase to 3.9% of GDP in the long run.

We have included a selection of our most popular market research on Brexit below.

Intro Image
Brexit's Impact on Tourism (Vol.II) - Thematic Research

1

Brexit's Impact on Tourism (Vol.II) - Thematic Research

  • ID: 5004157
  • Report
  • 29 Pages
  • Region: Global
Global Economic Outlook, 2020

2

Global Economic Outlook, 2020

  • ID: 4968409
  • Report
  • 100 Pages
  • Region: Global
Impact of COVID-19 on the UK Economy

3

Impact of COVID-19 on the UK Economy

  • ID: 5013539
  • Report
  • Region: Great Britain, United Kingdom
The Implications of Brexit for UK and EU B2C E-Commerce 2019

4

The Implications of Brexit for UK and EU B2C E-Commerce 2019

  • ID: 4858134
  • Report
  • 53 Pages
  • Region: Europe, Great Britain, United Kingdom

Have a question?

We will help you find what you are looking for.

Call: 1-800-526-8630

adroll