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Britain faces £58.7b bill for leaving European Union

Lower migration will add £16b to borrowing through 2020-21 while weaker productivity accounts for £18.1b

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The OBR calculated Brexit would subtract 2.4 percentage points from the economy's growth potential over the next five years.

London

THE Brexit bill is in.

Some £58.7 billion (S$104.7 billion), or almost half of the £122 billion in extra borrowing the government will need over the next five years, is directly related to Britain quitting the European Union (EU), the official budget watchdog said on

sentifi.com

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