Brexit: Britain faces “10 year economic shock”

A think tank has said the Britain faces a “decade of disruption following Brexit”.

Due to an aging population, and fewer EU migrants expected, there is expected to be new strains on the state. This will cause a funding gap for adult social care, which will rise to £13 billion by 2030.

“Brexit is the firing gun on a decade of disruption,” the report said.

“Even as what we do and how we work changes, the UK is likely to remain trapped in a low growth, low interest rate decade driven by demographic shifts, productivity trends, weak investment, weak labour power, high levels of debt, and the headwinds of a slowing global economy.

“Without reform, our political and social system will struggle to build a more democratic, healthy society in the decades ahead, even as Brexit accelerates us towards a radically different institutional landscape.”

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