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May's deal will take £100 billion - 4% - off GDP by 2030 - NIESR

As business groups from TheCityUK to the IoD line up behind the government's Brexit deal in fear of something worse, the first independent economic analysis of the proposals concludes the UK economy will be £100 billion poorer each year by 2030. FDI will crash by over 20%. The analysis was produced by the National Institute for Economic and Social Research (NIESR) and commissioned by the People's Vote campaign. As it asks pointedly, "is ending free movement of people worth a diminution of national income equivalent to the economic output of Wales?"

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