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No-deal Brexit to cut 3% off UK economic growth, warns OECD
A no-deal Brexit will slice almost 3% from Britain’s economic growth over the next three years compared with just 0.6% from the rest of the EU, according to the OECD’s latest health check of the global economy. Amid concerns that all developed countries will see their growth slow next year, the Paris-based club for the world’s 35 richest nations warned that the UK would take the biggest hit if the government failed to secure an agreement with the EU. OECD analysis estimates that losing unfettered access to EU markets after 31 October will likely plunge the UK into a recession next year. The loss of trade, ... (full story)
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