Eu compared to 'bitter ex-partner' after bloc forecasts brexit turmoil

The European Commission’s summer forecast predicts that British growth will slump to -9.7 percent before showing signs of rebound as coronavirus restrictions are lifted across the country.

They expect the bloc’s two biggest economies to also be hit as a result of their lockdowns, with Germany’s GDP forecast to fall back to -6.3 percent and France’s down to -10.6 percent. But

eurocrats said that despite doing better than France, Britain faced a more troubling rebuilding process as a result of Brexit. As Brexit talks get underway in London, the Commission added

failure to secure an agreement before the transition period expires at the end of the year would have more repercussions on Britain. Their report said: “It is possible that the transition

period ends without any agreement on the future trading relationship. “Even if a trade agreement between the EU and the UK is concluded, the future EU-UK trading relationship will be less

beneficial than assume in the purely technical assumption of an unchanged trading relationship, and will therefore lead to more negative outcomes for both sides, in particular for the UK for

which trade with the EU is more important than trade with the UK for the EU.” It added: “A failure to secure an agreement on the future trading relationship between the UK and the EU could

also result in lower growth, particularly for the UK.” Rupert Lowe, a former Brexit Party MEP, hit back at Brussels, insisting the bloc should keep its nose out of Britain’s affairs. He

said: “The EU’s behaviour is becoming more and more like that of a bitter, jilted ex-partner. “Increasingly desperate to see us fail and will do anything in their power to make that happen.

“As we finally come out of lockdown, the last thing the British people want to be told is that we can’t succeed by some jumped up bureaucrat whose tax free salary will go untouched whatever

happens. Take a hike!” The Commission’s forecasters expect Britain’s economy to bounce back by six percent next year. But their growth figures are based on a “status quo” relationship

between the UK and EU, something ruled out by the two sides’ trade negotiators. Their report said: “As the technical assumption implies a status quo for 2021 in terms of trading relations,

the risks to the forecast are predominantly to the downside.” France’s economy is expected to pick up by 7.6 percent by 2021, but the country’s GDP will still be lower than it was before the

crisis. MUST READ: BARNIER WARNS OF 'DECISIVE' TALKS – EU WILL COMPROMISE TO SEAL DEAL “We continue to navigate stormy waters and face many risks, including another major wave of

infections.” Paolo Gentiloni, the EU’s economy commissioner, added: “Coronavirus has now claimed the lives of more than half a million people worldwide, a number still rising by the day – in

some parts of the world at an alarming rate. “And this forecast shows the devastating economic effects of the pandemic.”