No deal Brexit could leave economy 9% weaker & cause food shortages

A 'no deal' Brexit might cause huge harm on the UK economy according to a brand new report.

Over the next Fifteen years the economy could contract by 6 to 9 percent, according to the Government report.

Additionally there may also be food shortages as 30 percent of food is imported from the EU. It is thought that food prices will rise too.

The report said: “In the lack of other action from government, some food costs are likely to increase, and there's a risk that consumer behaviour could exacerbate, or create, shortages in this scenario.”

Yesterday Theresa May was instructed to promise votes to permit MPs the choice to reject a 'no deal' Brexit and also the option to delay Brexit, if her deal is voted down.

The report stated that inside a 'no deal' scenario, the flow of products through Dover could be significantly reduced for months.

The EU would also treat the united kingdom as a separate country and tariffs on beef exports might be at 70%, while tariffs on lamb would be at 45%, and car tariffs at 10%.

The worst-hit areas economically inside a no-deal scenario, accoridng to the report, would be Wales (-8.1%), Scotland (-8.0%), Northern Ireland (-9.1%) and the north east (-10.5%).

The report said: “Overall, the cumulative impact from a no-deal scenario is anticipated to become more serious in Northern Ireland compared to Great Britain, and also to continue for longer.”