UK OBR: Cost of Brexit seen at GBP 58bln

Dhwani Mehta FXStreet

The UK's independent Office for Budget Responsibility (OBR) came out with its calculation costs of Brexit cost, which is seen at GBP 58 bln, after the UK chancellor Hammond delivered the UK Budget Statement yesterday.

The OBR noted that it took into account the following costs, while calculating the costs of Brexit:

Lower migration
Lower productivity growth
Higher inflation
Ongoing low interest rates

Author

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

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