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# Research indicates ‘no deal’ Brexit will cost Brighton & Hove dearly
- URL: https://www.scenemag.co.uk/research-indicates-no-deal-brexit-will-cost-brighton-hove-dearly/
- Published: 2017-10-28T13:03:35.000Z
- Updated: 2017-10-28T13:07:30.000Z
- Description: A ‘no deal’ Brexit will cost the Brighton and Hove economy nearly £2 billion over the first 5 years after we leave the EU according to new joint research by the LSE’s Centre for Economic Performance and the Liberal Democrats.
- Author: Gary Hart
- Tags: In The South, News, Politics

## A ‘no deal’ Brexit will cost the Brighton and Hove economy nearly £2 billion over the first 5 years after we leave the EU according to new joint research by the LSE’s Centre for Economic Performance and the Liberal Democrats.

![](https://www.scenemag.co.uk/content/images/wp-content/uploads/2017/10/web-600-76.jpg)

**The research data** suggests a ‘no deal’ Brexit will mean an economic hit of £1.96 billion over the first five years after we fall out of the EU.

**David Davis MP,** the Secretary of State for Exiting the European Union and other members of the cabinet have recently been talking up a no deal Brexit and this research indicates that the country simply can’t afford it.

If the UK exits the EU in March 2019 without a deal, the research shows 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.

![Carrie Hynds](https://www.scenemag.co.uk/content/images/wp-content/uploads/2017/10/carrie-hynds-libdem-parliamentary-candidate-for-hove.png)

Carrie Hynds

**Local LibDem Parliamentary Candidate Carrie Hynds, said:** *“These figures are 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 Brighton and Hove a ruinous £1.96 billion over five years. Even a relatively soft Brexit could cost the City over £1 billion in lost economic activity.*

*“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.*

*“Once the negotiations are over the people must be a given a say on whether we accept the deal on offer. The LibDems are the only party that offers the country an ‘Exit From Brexit’.”*

The Prime Minister, **Theresa May MP**, confirmed in Parliament this week, that MPs would have the opportunity to vote on any Brexit deal before we finally leave the EU, despite **David Davis MP** earlier suggesting that a vote could happen after leaving.

For national figures outlining the cost of no deal to each local authority area and also the cost of a softer Brexit to local economies. **[Click Here:](https://libdems.us10.list-manage.com/track/click?u=fe34b42da454f21dccfb6b521&id=ba5c6a02cb&e=f3b428c080&ref=scenemag.co.uk)**