Brexit Britain will be 'huge tax haven in middle of Europe' - 'UK will prosper

Economists Marc Friedrich and Matthiaas Welk believe the UK will become a tax haven “soon” after Brexit if the country leaves the EU without a deal. Speaking to Focus in Germany, the experts said: “In the case of a hard Brexit, we expect to soon have the largest tax haven in the middle of Europe - Britain. “The International Monetary Fund expects growth losses of four percentage points in five years for the UK economy. “In the short term, foreign trade will get into a pickle. “The pound will depreciate significantly again and inflation will rise. “Yields on British government bonds will also rise, with consequences for the state budget. The stock markets will significantly lower downwards.