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Jan
10

Brexit: UK could lose half a million jobs with no deal, says Sadiq Khan

Analysis commissioned by London mayor predicts ‘lost decade’ of slump and lower employment with hard Brexit

A no-deal Brexit could cause the UK to lose half a million jobs and nearly £50bn in investment by 2030, according to an economic forecast commissioned by the mayor of London, Sadiq Khan.

The report, which models five possible scenarios for leaving the EU ranging from a near-status-quo situation to leaving on World Trade Organisation terms without any transition agreement, warns that the worst option could be a “lost decade” of economic slump.

Staying in the single market and customs union

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