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A NO-DEAL Brexit risks extra trouble for the UK during an oncoming recession that could be as deep as the Great Depression, the head of the World Trade Organisation (WTO) has said.
THE UK will suffer the worst recession of any of the world's top economies as Britain's painfully high rate of inflation is exacerbated by the effects of Brexit and the UK Government's untargeted energy support scheme, a new report has found.
Ireland’s deputy premier Leo Varadkar said the Irish economy was decoupled from the UK’s a long time ago.
Britain’s economy showed alarming signs of a sharp slowdown, possibly even into recession, as uncertainty over Brexit combines with a less benign global backdrop, according to a closely watched survey of business activity in the U.K. released Wednesday.
UK likely to fall into recession after no-deal Brexit, top international credit rating agency predicts
03/07/2019
Bank economists also note that weakening world economy would amplify Brexit hit to UK.
The problems have been "amplified" by Brexit, the former Bank of England governor said.
The UK government has been warned of a recession in the absence of a Brexit deal with the EU.
The drop comes despite a boost to the economy in the first quarter of the year, thanks to Brexit stockpiling.
The UK economy contracted 0.2% between April and June, its worst performance since 2012, the Office for National Statistics said.
Britain’s economy grew at its slowest annual pace in nearly a decade during the three months to September as the global slowdown and Brexit worries hit manufacturing and business investment, official figures showed on Monday.
Mike Gallagher, managing director of macro and strategy at Continuum Economics, and Marilyn Watson, head of global fundamental fixed income strategy at BlackRock, discuss Brexit, the Conservative Party leadership race and the U.K. economy. Bloomberg's David Merritt also speaks on "Bloomberg Surveillance."
Top mandarin's bombshell No Deal warning: Food up 10%, police unable to protect public, direct rule in Ulster, worse recession than 2008 says leaked letter
02/04/2019
Britain's highest-ranking civil servant has issued a doomsday analysis of how the country would be affected by a No Deal Brexit, as MPs yet again failed to break the deadlock last night.
The price of Brexit has been £66 billion so far, plus an impending recession — and it hasn’t even started yet
07/03/2019
The damage to the UK economy due to Brexit has cost £66 billion ($86 billion) so far, and left the United Kingdom teetering at the brink of a new recession, according to economic data published last week.
The price of Brexit has been £66 billion so far, plus an impending recession — and it hasn't even started yet
07/04/2019
The damage to the UK economy due to Brexit has cost £66 billion ($86 billion) so far, and left the United Kingdom teetering at the brink of a new recession, according to economic data published last week.
'The Covid veil, now almost completely lifted, has revealed the challenges still faced by exporters struggling with customs and paperwork challenges and other Brexit constraints putting off overseas customers'
A 0.2% contraction between April and June was weakest since fourth quarter of 2012.
THE pound has fallen to its weakest level against the US dollar since 1985 amid fears the UK is heading for a lengthy recession.
Speaking at the CBI’s annual conference in November, 2022 UK prime minister Rishi Sunak argued that Brexit is “already delivering enormous benefits” to the UK economy. Our Poll asked: Do you agree?
Annual growth will fall below 1% for first time in decade even with a deal, says thinktank.
A no-deal Brexit would deliver an “instantaneous shock” to the British economy and could tip the UK into a recession, the Bank of England governor Mark Carney has warned.
The Office for Budget Responsibility analysed a particular type of a no-deal Brexit scenario – the less disruptive of the two presented by the IMF in April.
No-deal Brexit could see substantial number of businesses become unprofitable and trigger food shortages, Mark Carney warns
02/08/2019
‘The challenge is, particularly in food, it’s perishable, so you can’t stockpile today for demand in November,’ Carney says. / A no-deal Brexit could cause food shortages, Mark Carney has suggested, adding that job losses and business closures are also likely.
Boris Johnson downplaying economic risks for political gain, say bank’s economists in scathing assessment of government’s strategy and its impact
The report by Scotland's chief economist makes a series of dire predictions.