CNBC:
Brexit will leave Britons more than $4,000 poorer, says MIT professor
8 February 2017
Britons' incomes could be slashed by as much as 9.5 percent once the U.K. formally leaves the European Union, a new study released today by MIT economics professor John Van Reenen has claimed.
The report points to a 6.3 to 9.5 percent reduction in GDP per capita with the U.K. outside of the EU's single market on the basis that a one percent decline in trade reduces income per capita by between 0.5 and 0.75 percent.