© 2020 – 2023 AEA3 WEB | AEAƎ United Kingdom News
AEA3 WEB | AEAƎ United Kingdom News
News

UK’s flagship post-Brexit trade deal worth even less than previously thought, OBR says

Office for Budget Responsibility says UK entry into the Indo-Pacific agreement will add just 0.04% to GDP in the long run

The UK’s flagship transatlantic trade deal, which was presented as a cornerstone of post-Brexit “global Britain”, will deliver even less benefit to the economy than the tiny uplift that was previously predicted, according to the Office for Budget Responsibility.

In a report accompanying last week’s autumn statement, the OBR said the UK’s entry into the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) would add just 0.04% to GDP in the “long run”, which it defines as after 15 years of membership.

Continue reading…

Related posts

US supreme court blocks ruling limiting access to abortion pill

AEA3

Dozens of Tory MPs expected to abstain in vote on committee’s Partygate report

AEA3

Zelenskyy arrives in Saudi as Ukraine expected to push for air and sea ceasefire during US talks – Europe live

AEA3

Pin It on Pinterest

Share This