Brexit has become a nail-biting game of high-stakes poker, and it might be costing Britain big-time.
While the deadline for Britain and the European Union to reach a trade deal is inching dangerously close to the March 29 “leave” date, the costs to the British economy are rising. Already the tab is expanding at blistering rate: £800 million ($1 billion) a week, according to Bank of England estimates. In addition, the United Kingdom’s economy is slowing. It grew at a paltry 1.3% annualized rate in the latest reading, the slowest pace since 2012, according to government data. Read more here.
While the deadline for Britain and the European Union to reach a trade deal is inching dangerously close to the March 29 “leave” date, the costs to the British economy are rising. Already the tab is expanding at blistering rate: £800 million ($1 billion) a week, according to Bank of England estimates. In addition, the United Kingdom’s economy is slowing. It grew at a paltry 1.3% annualized rate in the latest reading, the slowest pace since 2012, according to government data. Read more here.
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