The Independent:
Brexit: True cost of UK leaving EU without trade deal revealed
23 September 2016
A separate analysis by the London School of Economics suggested the welfare losses of moving to the WTO rules in a ''big bang'' would be up to 3.5 per cent of GDP per head instantly. ''The fact that the country is in some way being told to be prepared to face what we regarded as a very pessimistic outcome is quite discouraging in itself,'' said Gianmarco Ottaviano of the LSE. John Van Reenen, a former colleague of Ottaviano and now Professor of Economics at MIT in the US, said trading under WTO rules would be a ''truly dreadful outcome for British people''.
This article was published by The Independent on September 23, 2016
Link to article here
See Also
DigitalSpy
Brexit: True cost of UK leaving EU without trade deal revealed
Related publications
See the complete set of CEP Brexit Analysis research papers here
Related links
Gianmarco Ottaviano webpage
John Van Reenen webpage
Trade Programme webpage
Growth Programme webpage