Article 4KNKV No-deal Brexit risk may have already pushed UK into recession, says NIESR

No-deal Brexit risk may have already pushed UK into recession, says NIESR

by
Richard Partington
from Economics | The Guardian on (#4KNKV)

Leaving without deal will 'throw concrete' in wheels of British-EU trade, says economist

The mounting risk of no-deal Brexit may have pushed the UK economy into a recession already, one of the country's foremost economic forecasters has warned.

Sounding the alarm before the expected elevation of Boris Johnson to Downing Street this week, the National Institute of Economic and Social Research (NIESR) said there was a one in four chance the country is in a recession currently.

Related: Trump calls for US interest rate cut; fears of UK Brexit recession - business live

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