This is pretty desperate stuff. Paywalled, but going by what can be seen for free really not worth paying for, or even finding a way to work around the paywall.
Hard Brexit will hurt EU more than Britain, warn university researchers as divorce talks begin in Brussels
Quote:
The European Union will lose more than twice as many jobs as Britain after a hard Brexit, research by one of the world’s leading universities found as tough UK-EU divorce talks begin in Brussels.
Hard Brexit describes what will happen if the UK and EU fail to reach a divorce deal by 29 March 2019. Britain would revert to WTO tariffs on imports and exports to and from the EU rather than the zero tariffs afforded by membership of the bloc.
The return of tariffs to goods and services would cost 526,830 British jobs and 1.209 million jobs in the remaining 27 EU member states, according to researchers at Belgium’s University of Leuven, one of the top 50 global universities. The damage would lead to a 4.48% drop in UK GDP and 1.54% in EU GDP, researchers found.
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Think they've been taking lessons in statistics from Boris Johnson. 526,830 jobs in a population of about 66 million is a tad more 'ouch' than 1.209 million in a population of over 440 million, and a 4.48% drop in GDP is most definitely more 'ouch' than a 1.54% drop, although the writer of the article did try and claim the study forecasts a drop in UK GDP of 1.21% under the WTO scenario later on, which it doesn't.
I admire The Telegraph's cheek in considering the article premium content.
Going to WTO rules serves no-one but other than ideologues and demagogues I'm not aware of anyone who thinks it's a good idea. The Telegraph are now at least happy to admit there would be a high cost to the UK dropping to WTO rules.
When the Express start to admit there is a downside to going WTO then the apocalypse must be near., even if it will be to entirely blame the EU and get the excuses in for their non-stop propaganda-fest not panning out as they claimed. That must be one of the harbingers of it.