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What does Brexit mean for London, the UK and Europe?

The UK’s vote to leave the EU shocked currency and stock markets, and has led to an environment of economic and political uncertainty. Against this backdrop, we have revised our main scenario projections for UK real GDP growth to 1.6% and 0.6% in 2016 and 2017 respectively, down from 1.9% and 2.3%.

For now, the question on many people’s lips is what will the UK’s future relationship with Europe look like.

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