The UK needs a public vote on Boris Johnson’s Brexit deal'' martin.wolf

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Far worse, leaving on Mr Johnson’s terms is going to make the country substantially poorer than it would otherwise be. That is not only bad in itself. It is also going to reduce the resources available to any future government to deliver on domestic policy promises. Indeed, this is already the case. The latest Green Budget from the Institute for Fiscal Studies and Citi argues that: “Gross domestic product is roughly 2.5-3.0 per cent (£55bn-£66bn) below where we think it would have been without Brexit.” This is quite likely to be a permanent loss. It would imply an equally permanent reduction in fiscal revenue of a little over 1 per cent of GDP.
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