Post-Brexit trade deals unlikely to help UK economy much – OBR



Andy Bruce | Reuters

LONDON, Oct 11 (Reuters) – Britain’s plan to strike trade deals around the world, a key plank of the government’s strategy for life outside the European Union, is unlikely to help the economy much, the country’s official budget forecaster said on Thursday. Brexit supporters have stressed the importance of striking trade deals with countries outside the EU which account for the bulk of growth in global trade. But the OBR said such trade deals were unlikely to have much impact on its forecasts for Britain’s economy over its usual five-year horizon, and perhaps for many years to come, in a report setting out how it will factor Brexit into its outlook.