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If the UK leaves the European Union without a deal with Brussels, the British economy’s GDP will collapse by almost 8%, and thousands of citizens of the United Kingdom will lose their jobs, The Guardian writes, referring to the Confederation of British Industry.
The report was published shortly before the vote of the Board of Communities of the British Parliament on the draft announcement of the conditions of Brexit, which is scheduled for January 15.
And although Confederation Director Carolyn Fairburn doesn’t call the ideal agreement Prime Minister Theresa May reached with Brussels, they recognize that it partially solves London’s problems, providing a transitional period and avoiding an “extremely destructive” situation for the economy.
In this regard, she called on the British parliamentarians "to protect the security and prosperity of the country" and not to build on solely political considerations.