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No-deal Brexit risks two-year recession in UK, claims IMF

As the UK struggles to decide anything regarding Brexit a stark warning had been handed to the British Isles. In the case of a no-deal Brexit the UK would slump into a two-year recession, claims the IMF (the International Monetary Fund). A no-deal outcome that led to severe border disruptions and a quick erection of tariffs would cause UK GDP to fall by 1.4 per cent and 0.8 per cent in the first and second years The total negative effect...

Theresa May’s parliamentary bind could make cancelling Brexit her “new default”

Revoking Article 50 could have become the government’s default Brexit position, ITV political editor Robert Peston has revealed. Following Sunday’s sofa chat in which the Prime Minister revealed the choice over Brexit is a binary one between some version of her negotiated deal and not leaving at all, she could have laid the groundwork for cancelling Brexit to become the “de facto Brexit default”. Peston said: “The point is that she has no power to prevent a no-deal Brexit on...

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