<sod >The Commission also stressed that the forecasts took no account of the longer-term costs of Brexit from reduced trade with the Continent, since these would only be felt after 2018.< eod>< sod > The Commission also stressed that the forecasts took no account of the longer-term costs of Brexit from reduced trade with Europe, since these would only be felt after 2018.ÃÂ Ã¢ÂÂA general conclusion is that the looser the UKÃ¢ÂÂs future economic relationship with the EU, the larger the likely negative impact on the UK economy,Ã¢ÂÂÃÂ it said.< eod>