RBS boss says 'bad Brexit' could tip UK into recession
by Angela Monaghan from Economics | The Guardian on (#4043W)
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
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