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    Great Britain to lose 82 bln USD in Brexit

    Britain's financial industry could lose up to 47 bln USD

    Baku. 11 October. REPORT.AZ/ The United Kingdom could lose up to 66 billion pounds (82 bln USD) a year under a "hard Brexit", Report informs citing the

    GDP could fall by as much 9.5 percent if Britain leaves the European Union compared with if it stays within the union.

    The 66-billion-pound figure was in a draft cabinet committee paper.

    A report by consultancy firm Oliver Wyman earlier this week said Britain's financial industry could lose up to 38 billion pounds or 47 bln USD in revenue in a 'hard Brexit'.

    Notably, British pound in the past week decreased by 4.3% - to the level of 1,2310 USD / GBP. Analytical Group or Report expects depreciation to the level of 1,15 USD / GBP due to the reduction of interest rates to 0%, increase in monetary expansion and raising US interest rates.

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