FAILURE to secure a post-Brexit trade deal with the EU would HALVE the UK’s economic growth, accountancy firm KPMG has warned.
Growth would be a measly 4.4% without a deal, they forecasted, compared with 10.1% if a deal is struck – a huge gulf just as the UK attempts to recover from the deepest records since records began thanks to coronavirus.
The news comes as Britain’s chief Brexit negotiator Lord Frost told Boris Johnson to expect a Brussels trade deal early next week, possibly Tuesday.
However, talks could still collapse over fishing and red tape, with both sides urging the other to “get real”.
With the end of the Brexit transition period looming on December 31, and any deal needing to be struck well before that in order to be ratified in time, there is a sense of desperation on both sides to get a deal sorted.
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