Young people could lose up to £108,000 by 2050 if there is a no-deal Brexit, according to a shock new report.
The study by the Our Future, Our Choice group, which is campaigning for a fresh referendum, used the government’s own figures to calculate the total impact on income if the UK crashes out of the EU without an agreement.
The report paints a dark picture for the prospects of young people in post-Brexit Britain, predicting that 78% of 18-20 year olds will lose the right to live and work across the continent and citing polling evidence that 47% “cried or felt like crying” after the Brexit vote.
It looked at three different potential Brexit outcomes: a no deal Brexit on World Trade Organisation (WTO) tariffs; a free trade agreement (FTA) Brexit, a scenario based on the Canada’s links to the EU; or a European Economic Area (EEA) Brexit, an arrangement similar to Norway’s relationship with Brussels.
The report found that a WTO Brexit would cost a young person between £44,000 and £108,000 in terms of GDP by 2050; a FTA Brexit from £30,000 to £72,000; and EEA Brexit between £7,000 and £32,000.
www.huffingtonpost.co.uk/entry/young-people-brexit-lose_uk_5bd1ec91e4b0d38b588136c6?utm_hp_ref=uk-politics
Is this the legacy that leave voters want for their children and grandchildren?