Cost of no Brexit deal

Bad timing: In the worst-case scenario May will fail to secure a two-year transition to ease the passage for businesses, a situation that in London alone may create 87,000 fewer jobs and usher in 10 years of lower growth. — AFP

LONDON: What would happen if the UK leaves the European Union (EU) in March 2019 with no deal on the single market, customs union or transition arrangements? London mayor Sadiq Khan commissioned a study and the answer was half a million fewer jobs and £50bil (US$68bil) less investment by 2030.

Cambridge Econometrics analysed five different Brexit scenarios, from the hardest to the softest form of Brexit, and broke down the economic impact on nine industries, from construction to finance.