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The Sunday Times (London):
Sterling to rally further as hopes grow for Brexit breakthrough

13 October 2019

In a report to be published today by the UK in a Changing Europe think tank, economists say that the prime minister's proposals are likely to end in a "Canada-minus" trade agreement less comprehensive than that between the EU and Canada.
This is because Johnson has said the UK will not be in a customs union with the EU, and he will abandon "level playing field" arrangements in future regulations. The effect of this, the economists estimate, is that UK incomes per head in 10 years' time will be as much as 7% lower than they would otherwise be, and annual public borrowing will be up to £49bn higher.
The report's estimates used the LSE's Centre for Economic Performance trade model, and separate calculations for productivity and migration.

The economic impact of Boris Johnson's Brexit proposals. Hanwei Huang, Jonathan Portes and Thomas Sampson, with contributions from Matt Bevington and Jill Rutter. The UK in a Changing Europe & Centre for Economic Performance, LSE.

Read more... The Sunday Times (London)