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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

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


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...

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