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Hard Brexit 'Could Cost U.K. Government £66 Billion'

The British government could lose almost a tenth of its tax revenue under a “hard Brexit,” according to leaked papers. If Britain leaves the single market, GDP could fall by 9.5 percent and the government could lose as much as £66 billion ($81 billion) in tax revenues, nearly a tenth of the £716 billion ($880 billion) it is expected to collect this year, according to documents seen by The Times.
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