If the British Prime Minister implements his long-standing promise and implements the “hard” scenario of the country’s exit from the European Union, the Kingdom’s public debt will increase to a fifty-year high.
This is evidenced by the data of the Institute of Fiscal Studies.
According to a report by analysts, the country’s national debt will reach £100 billion [$122 billion].
However, leaving the European Union without a deal and the consequences of such a step is only part of the problem, since the UK economy has already lost 60 billion pounds [73 billion dollars] and decreased by about 3 percent.
Christian Schulz, one of the authors of the report, also drew attention to the fact that Brexit has already led to a significant reduction in investment in British business. This figure has declined by 20 percent. According to the economic expert, “staying in the European Union would be much more favorable for economic development”.