Keep close to the EU after Brexit or face long-term decline, OECD warns UK
Thinktank warns poor productivity, slack exports and an EU trade deal not likely before 2023 mean UK will be too weak to fully recover from hard Brexit
Britain must secure “the closest possible economic relationship” with the European Union after Brexit to prevent the economy suffering a long-term decline, the Organisation for Economic Cooperation & Development (OECD) has warned.
The thinktank to the world’s richest nations, which has predicted the UK’s growth rate will fall to just 1% next year, said a “disorderly” exit from the EU single market and customs union in 2019 “would hurt trading relationships and reduce long-term growth”.
Continue reading...from The Guardian http://ift.tt/2ytD58N
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