07
Mar
![](https://bbgi.ch/wp-content/uploads/2017/03/25112888022_e7fdcdbdb1_b-848x450.jpg)
Brexit could cost the UK 60 billion euros
The cost of Brexit is in fact impossible to estimate. Fiscal reform and deregulation are not magic bullets. GDP could slow to +1.6% in 2017. Uncertainty calls for caution.
Key points
- The EU could claim 60 billion euros from the UK upon withdrawal
- Another setback for Theresa May
- Compensating for the impact of a hard Brexit with aggressive tax cuts seems like wishful thinking
- Many European citizens are already leaving the UK
- The pound stabilises
- The BOE remains alert but hasn’t changed its monetary policy
- Consumers remain on the defensive
- GDP growth will likely slacken in 2017
- Real estate further runs out of steam
- Bond euphoria comes to an end
- British equities underperform