eshrag
11-28-2018, 06:09 PM
Bank warns of immediate economic crash, GDP to fall by 8%, unemployment to rise to 7.5%
Britain crashing out of the European Union without a deal would trigger a deep and damaging recession with worse consequences for the UK economy than the 2008 financial crisis, the Bank of England has warned.
Related: UK significantly worse off under all Brexit scenarios – official forecast (https://www.theguardian.com/politics/2018/nov/28/uk-significantly-worse-off-under-all-brexit-scenarios-official-forecast-gdp)
Continue reading... (https://www.theguardian.com/business/2018/nov/28/bank-of-england-says-no-deal-brexit-would-be-worse-than-2008-crisis)
Britain crashing out of the European Union without a deal would trigger a deep and damaging recession with worse consequences for the UK economy than the 2008 financial crisis, the Bank of England has warned.
Related: UK significantly worse off under all Brexit scenarios – official forecast (https://www.theguardian.com/politics/2018/nov/28/uk-significantly-worse-off-under-all-brexit-scenarios-official-forecast-gdp)
Continue reading... (https://www.theguardian.com/business/2018/nov/28/bank-of-england-says-no-deal-brexit-would-be-worse-than-2008-crisis)