Quote:Boris Johnson's Brexit deal will leave the UK £70bn worse off a year than if it had remained in the EU, a study by the National Institute of Economic and Social Research (NIESR) has found. It concluded that growth would be 3.5% lower in 10 years' time under the deal. The independent forecaster's outlook is one of the first assessments of how the economy will fare under the new deal. But the Treasury said it is plans on a 'more ambitious' agreement with the EU than 'NIESR is basing its findings on'. A spokesman said: "We are aiming to negotiate a comprehensive free trade agreement with the European Union, which is more ambitious than the standard free trade deal that NIESR has based its findings on." NIESR said approval of the Prime Minister's deal "would reduce the risk of a disorderly outcome, but eliminate the possibility of a closer trading relationship with the EU". Despite the agreement between the EU and the UK removing uncertainty, customs and regulatory barriers would "hinder goods and services trade with the continent leaving all regions of the United Kingdom worse off than they would be if the UK stayed in the EU," NIESR said.Brexit deal means ‘£70bn hit a year to UK by 2029' - BBC News
Quote:While the British have not disclosed the plan, EU sources have outlined the main details. Northern Ireland would be legally part of the UK customs area, but practically in the EU customs union, following European rules on tariffs and quotas. It would be simultaneously in and out – a model quickly called Schrödinger’s customs union, in mock homage to the physicist’s theoretical cat that was simultaneously dead and alive.‘Pathway’ to Brexit deal hits usual obstacles on the Irish border | Politics | The Guardian