Analysis by the National Institute of Economic and Social Research has revealed that the government’s Brexit deal would leave the UK 100 billion pounds a year worse off by 2030.
The study commissioned by the People’s Vote, which wants a second referendum, said GDP would shrink by 3 point 9 percent annually.
This, the study says is the equivalent of losing the economic output of Wales or the City of London.
Chancellor Philip Hammond said the deal is better than staying in the EU.
Approved by the EU yesterday, the withdrawal agreement sets out the terms of the UK’s exit from the EU, including its 39 billion dollars “divorce bill”, citizens’ rights and the Northern Ireland “backstop” – a way to keep the Irish border open, if trade talks stall.