Professor Anand Menon, of Kings College London, said: “Our findings show a chaotic Brexit would, at least in the short term, spawn a political mess, a legal morass and an economic disaster. And worst of all, a “chaotic Brexit” would mean no deal at all, even on the terms of exit. But even under relatively benign conditions and with time to prepare, the impacts would be widespread, damaging and pervasive,” Menon said. The annual report of the Department for Exiting the European Union, published on Wednesday, showed legal costs were the most significant area of expenditure after staffing. Liberal Democrat Brexit spokesperson, Tom Brake, said: “This £1.2m bill is a kick in the teeth for taxpayers.

Source: The Guardian July 19, 2017 23:01 UTC