By the Press Association
"Brexit woes to see France ‘leapfrog UK as sixth biggest economy next year’ "
A few quotes from the article...wait until the end for the punchline
"France will overtake the United Kingdom to become the world’s sixth biggest economy next year as the impact of Brexit bites, a reports has said.
The Centre for Economics and Business Research (CEBR) said “disruption” to the British economy was inevitable due to lower inward and business investment.
However, the CEBR’s World Economic League Table report says post-Brexit Britain will return to the sixth spot by 2020 – a position it is expected to retain through to 2033.
The forecast also suggests that even if Britain’s departure from the European Union leads to the secession of Scotland and Northern Ireland, the rest of the UK is forecast to be a larger economy than France by 2026...…..
…...Deputy chairman Douglas McWilliams said:"even though Brexit will be disruptive in the short term, long term it is unlikely to do much damage to the UK economy and might, on some assumptions, boost it.”
France is expected to grow more slowly than post-Brexit Britain as it has “not really come to terms with reducing its bloated public sector and resulting high taxes”."
"Brexit woes to see France ‘leapfrog UK as sixth biggest economy next year’ "
A few quotes from the article...wait until the end for the punchline
"France will overtake the United Kingdom to become the world’s sixth biggest economy next year as the impact of Brexit bites, a reports has said.
The Centre for Economics and Business Research (CEBR) said “disruption” to the British economy was inevitable due to lower inward and business investment.
However, the CEBR’s World Economic League Table report says post-Brexit Britain will return to the sixth spot by 2020 – a position it is expected to retain through to 2033.
The forecast also suggests that even if Britain’s departure from the European Union leads to the secession of Scotland and Northern Ireland, the rest of the UK is forecast to be a larger economy than France by 2026...…..
…...Deputy chairman Douglas McWilliams said:"even though Brexit will be disruptive in the short term, long term it is unlikely to do much damage to the UK economy and might, on some assumptions, boost it.”
France is expected to grow more slowly than post-Brexit Britain as it has “not really come to terms with reducing its bloated public sector and resulting high taxes”."
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