Bank of England warns of 1 in 3 chance of Brexit recession

Committee 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 as uncertainty over Brexit drags down the economy, the Bank of England has warned.

Keeping interest rates on hold as the risks to the economy mount, the central bank said business investment was stalling, while heightened international trade tensions and a slowdown in the global economy was also having an impact on UK growth.