Bank of England says no-deal Brexit would be worse than 2008 crisis
 

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

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