Pro-EU membership supporters hold European Union flags as they protest against Brexit across the street from the Houses of Parliament in London, Tuesday, Jan. 30, 2018. (AP Photo/Matt Dunham)
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Britain's economy will be worse off after Brexit whether it leaves the EU with a free trade deal, single market access, or with no deal at all, according to leaked analysis that fed the view that the government is badly prepared.The reported analysis suggested that if Britain agreed a comprehensive free-trade agreement with the EU, growth over the next 15 years would be 5 percent lower than current forecasts.Under a no-deal situation in which Britain returns to World Trade Organization rules, the United Kingdom's growth will be reduced by around 8 percent over the same period.Britain is due to leave the EU in March 2019, but it and the EU have not yet begun negotiating their future trade relations.The U.K. government says it wants a "close and special" free trade deal with the bloc.
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