THURSDAY, April 18, 2024
nationthailand

Brexit fallout to cost UK extra 122bn pounds over five years

Brexit fallout to cost UK extra 122bn pounds over five years

LONDON - Britain must borrow an additional 122 billion pounds over five years as it exits the European Union, the government predicted Wednesday alongside a budget update.

The extra borrowing, worth $152 billion or 143 billion euros, covers the period until early 2021, according to official forecasts which also projected an economic growth slowdown.

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