Kyle – Leaving EU with no deal would be a disaster for Britain’s economy

Commenting on the House of Lords EU Financial Affairs Sub-Committee report released today (Saturday), Peter Kyle MP, supporter of Open Britain, said:

“Crashing out of the EU with no deal would be a disaster for the UK economy, which would cost us billions and hit the living standards of working people. Any supposed short term savings would be wiped out by real and lasting costs to the economy.

“The UK already faces a Brexit bill of £60bn in additional borrowing, and we have yet to even leave the EU. The prospect of failed negotiations is chilling, and the worst possible outcome for Britain. Our businesses would face huge barriers to trade with Europe, resulting in higher prices and fewer jobs.”