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About: http://data.cimple.eu/claim-review/0bbcc7926218e334d0254ff62c23ccbc2929677907de249a45457e56 Goto Sponge NotDistinct Permalink

An Entity of Type : schema:ClaimReview, within Data Space : data.cimple.eu associated with source document(s)

Attributes	Values
rdf:type	schema:ClaimReview
http://data.cimple...lizedReviewRating	not verifiable
schema:url	http://fullfact.org/economy/leaving-single-market/
schema:text	What was claimed The Treasury forecast that dropping out of the European single market will cost the economy £66 billion and reduce GDP by 7.5%. Our verdict This is confusing estimates for GDP with estimates for tax revenue. The Treasury does expect GDP to be 7.5% lower than it otherwise would have been after 15 years, if the UK relies on World Trade Organisation rules outside of the single market. But the £66 billion figure is for the resulting loss to public finances, not the economy, and it's the upper limit - £52 billion is the Treasury's best estimate.
schema:mentions	European Single Market Single market World Trade Organization Gross domestic product United Kingdom
schema:reviewRating	This is confusing estimates for GDP with estimates for tax revenue. The Treasury does expect GDP to be 7.5% lower than it otherwise would have been after 15 years, if the UK relies on World Trade Organisation rules outside of the single market. But the £66 billion figure is for the resulting loss to public finances, not the economy, and it's the upper limit - £52 billion is the Treasury's best estimate.
schema:author	full-fact
schema:datePublished	2016-10-12 (xsd:date)
schema:inLanguage	English
schema:itemReviewed	http://data.cimple.eu/claim/16e9524f3ba43e9fff9df4bf08759ac6a08002e2f8fbc64885178d85

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