Posts tagged as bloc

Budget watchdog says no-deal Brexit will spur UK recession

Thursday, July 18, 2019

The U.K. will plunge into recession if it leaves the European Union without a divorce deal, with the pound plunging in value and the economy shrinking by 2% in a year, Britain’s official economic watchdog said Thursday. The Office for Budget Responsibility made its assessment as chances of an economically disruptive no-deal Brexit appear to be rising. Both men vying to take over next week as Britain’s prime minister, Boris…