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Monday, October 24, 2016

The British Ministry of Finance announced the economic losses after the withdrawal from the EU

The Ministry of Finance of great Britain said that the country could lose the 66 billion euros a year in lost tax revenues in the event of withdrawal from the EU.

As writes The Times, referring to prepared for the government Ministry document, such economic losses will be possible if London after talks with Brussels will not be able to maintain access to the common EU market.

In this case, the UK will become an independent member of the WTO, and this will entail a review of thousands of tariff lines. As a result, national GDP could fall by 9.5%.


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