Here’s How a No-Deal Brexit Could Create Chaos in Your Daily Life
EU Has Stronger Brexit Position, Says JPM's Parker
The U.K. government has stepped up its rhetoric about the chances that Britain could crash out of the European Union without any agreement to bring order to the divorce. If the two sides can’t reach a deal, companies will suddenly find themselves outside the rules, regulations and free-trading arrangements that they have built their businesses around for decades. What would such a scenario mean for business, and for daily life?
Just a few estimates: 400 billion pounds (or $530 billion) in lost economic growth by 2030, according to Rabobank; 17 billion pounds in lost exports from just four sectors, according to law firm Baker McKenzie; a 2.6 percent drop in per capita income, says a paper published by the Brookings Institution.