RESOURCES: Template Press Release on the cost of a no deal Brexit

Please find below a template press release from LDHQ for the cost of a no deal Brexit on local economies. The figures are from joint research by the Liberal Democrats and the London School of Economics.

You can find local figures here outlining the cost of no deal, and also a softer Brexit to local economies. It may also be worth comparing these figures against the local population to reveal the cost per head or a no deal Brexit.

A no deal Brexit will cost [REGION] [FIGURE] 

New research by the LSE’s Centre for Economic Performance and the Liberal Democrats has revealed just how damaging a no deal Brexit will be to [REGION].

A no deal Brexit will mean an economic hit of [FIGURE] to [REGION]

David Davis and other members of the cabinet have recently been talking p a no deal Brexit, but this data shows that the country simply couldn’t afford it.

If the UK exits the EU in March 2019 without a deal, Britain’s economic output (gross value added) in the five years after Brexit would be reduced by 5.3%, or £430 billion.

Even if the UK agreed to a Norway style arrangement with full single market access, this would still result in a reduction to five-year economic output of 2.9%, or £235 billion.

Liberal Democrat Spokesperson [NAME] said:

“These figures a real indictment of the government’s strategy. David Davis is still talking up the possibility of a no-deal Brexit, yet these figures suggest that would cost [REGION] a ruinous [FIGURE] over five years. Even a relatively soft Brexit could cost the area [FIGURE].

“The government must rule out a no-deal to end the uncertainty and confirm its commitment to stay in the single market and customs union.

“The study suggests that for [REGION], no deal would be devastating.”

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