MIT professor says Brexit will leave more than 4,000 people poorer

  • 7 years ago
MIT economics professor John Van Reenen found that the income of workers in the U.K. could be decreased up to 9.5 percent following Brexit. Since half the U.K. trade is based in EU, there will be lower levels of commerce and foreign investment, and thus lower average incomes in Britain. Van Reenen said in an interview on Bloomberg. According to per capita data from the World Bank and CNBC, Van Reenen predicts that Brexit would deduct $4,000 from every U.K. citizen.

Recommended