Brexit: good bye Europe could mean good bye to one million jobs

The Brexit could be quite heavy for Great Britain. Alarm signs are flashing red. A recent study by PricewaterhouseCoopers on behalf of the Confederation of British Industry (BIi) put at 100 billion pounds the losses for British economy. 

It is going to be a red-hot spring in Britain. The country is running fast towards the Brexit referendum due the 23rd of June. The alarms on the outcomes for the British economy are ringing aloud. The last one comes from the Confederation of British Industries (CBI). A research commissioned to PricewaterhouseCoopers (PwC) shows the effect of a farewell to the European Union. 
In the worst scenario, named “WTO” by PwC analysts, the British GDP could climb down 5% within 2020. In terms of Her Majesty’s pounds it means a bill around 1 billion. And with the unpleasant appendix of a loss of 950.000 jobs. 
Yes, this is the worst scenario, the one which predicts heavy difficulties in coming to term with the European Union leading to agreements based on the World Trade Organisation rules (WTO). 
The best Brexit scenario is named “FTA”. In this case Britain and EU would sign a Free Trade Agreement. The The British GDP would fall “only” by 55 billion pounds (-3%). 
If this is the bulletin for the short term, hence till 2020, things would stabilize after. “Nevertheless – explains the report – the British GDP in 2030 could be from 1.2% to 3.5% lower (in FTA and WTO scenario respectively) than if the Great Britain remains in the UE”. As for the long term effect on employment, the levels in 2030 would be 1.7% and 2.9% lower equal, respectively, to 350.000 and 600.000 jobs less.