Bank of England warns of one in three chance of Brexit recession

MPC votes 9-0 to keep interest rates at 0.75% as uncertainty drags down the UK economy

Britain has a one in three chance of plunging into recession at the start of next year as the heightened uncertainty over Brexit drags down the economy, the Bank of England has warned.

The central bank said business investment was stalling, with trade tensions and slowing demand in the global economy also having an impact on UK growth.

Related: Pound sinks to fresh low against dollar amid no-deal Brexit fears