About: That’s quoting the Treasury’s forecast incorrectly. £45 billion was the Treasury’s estimate for the cost to tax revenues after 15 years, rather than the size of the economy. It's not unorthodox to say that trading with the EU under terms set by the WTO would be bad from an economic perspective. Even so, no forecast is certain.     Goto   Sponge   NotDistinct   Permalink

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  • That’s quoting the Treasury’s forecast incorrectly. £45 billion was the Treasury’s estimate for the cost to tax revenues after 15 years, rather than the size of the economy. It's not unorthodox to say that trading with the EU under terms set by the WTO would be bad from an economic perspective. Even so, no forecast is certain.
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  • That’s quoting the Treasury’s forecast incorrectly. £45 billion was the Treasury’s estimate for the cost to tax revenues after 15 years, rather than the size of the economy. It's not unorthodox to say that trading with the EU under terms set by the WTO would be bad from an economic perspective. Even so, no forecast is certain.
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