Budget Watchdog Says No-Deal Brexit Will Spur UK Recession

Britain is due to leave the EU on October 31.

  • Published 18 July 2019

LONDON (AP) — The U.K. will plunge into recession if it leaves the European Union without a divorce deal, with the pound plunging in value and the economy shrinking by 2% in a year, Britain's official economic watchdog said. The Office for Budget Responsibility made its assessment as chances of an economically disruptive no-deal Brexit appear to be rising. Both men vying to take over next week as Britain's prime minister, Boris Johnson and Jeremy… Read at AP News