The UK Government's own estimate suggests that with a 'no deal' Brexit, the UK economy would be around 9 per cent smaller in 15 years' time than it otherwise would have been. The Bank of England has estimated that every person in Wales is already £1,000 worse off than they would've been as a result of Brexit uncertainty, and living standards will also suffer as prices at home and the cost of travel abroad increase, as a result of devaluation and tariffs.