More than 700,000 jobs would be at risk for EU companies exporting to Britain if the UK and Brussels fail to agree a trade deal this year, according to a leading German economic research institute.
In total, including companies outside the EU that export to the UK, there would be 1m potential job losses in a no-deal Brexit scenario, according to an unpublished report by the Halle Institute for Economic Research seen by the Financial Times.
The research, updating an initial report from February 2019, is still being peer reviewed and is due to be published in the coming weeks.
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