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UK's Brexit Deal Estimated to Cost Almost $100 Billion

Associated Press

   LONDON - A respected British think tank slammed Prime Minister Boris
   Johnson's Brexit deal on Wednesday, concluding that the economy would
   be 3.5% smaller compared with staying in the European Union.

   The study by the National Institute of Economic and Social Research
   says the agreement would deliver a 70 billion-pound ($90 billion) blow
   to the U.K. Researchers said that the outlook is clouded by political
   and economic uncertainty.

   "We would not expect economic activity to be boosted by the approval of
   the government's proposed Brexit deal," the group said.

   The researchers based their prediction on the assumption that the U.K.
   would leave the bloc with a free trade agreement with the EU after a
   transition lasting until 2021 while negotiating new deals with other
   nations. It said that higher "barriers to goods and services, trade and
   restrictions to migration," would force the economy to slow.
   

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