RBS boss says 'bad Brexit' could tip UK into recession

CEO says bank already more cautious about lending, especially in retail and construction sectors

The chief executive of the bailed-out Royal Bank of Scotland has warned a no-deal Brexit could tip the UK into a recession.

Ross McEwan said a "bad Brexit" could result in negative growth in Britain and that RBS had become more cautious about lending to some sectors, including retail.

Retailers that have gone bust 2017-18