Johnson’s Brexit deal ‘would cost UK economy £70bn’

National Institute of Economic and Social Research says growth will be 3.5% lower

Boris Johnson
 
(Image credit: Kirsty Wigglesworth/WPA Pool/Getty Images)

A leading economic think tank says Boris Johnson’s Brexit deal will cost the UK economy as much as £70bn over the next decade compared with remaining in the European Union.

The National Institute of Economic and Social Research’s study, one of the first assessments of how the economy will fare under Boris’ deal, found that growth would be 3.5% lower in 10 years’ time under the prime minister’s proposals.

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