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Brexit forecast: the future ain’t what it used to be

A more balanced economy looks achievable—through us becoming a little bit poorer

By Angus Armstrong & Simon Kirby  

The skyline of the City of London ©Diego Delso

The famous baseball player, Yogi Berra, once said that “the future ain’t what it used to be.” Economic forecasters grappling with unprecedented changes brought about by Brexit recognise the nugget of truth in this observation. The new rules for our economic future are yet to be decided. But for the purposes of deciding the right level of interest rates and even the amount the state can afford to spend, a detailed economic…

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