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No-deal Brexit to spark year-long UK recession: govt forecaster

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AFP London
Last Updated : Jul 18 2019 | 3:10 PM IST

Britain will slide into a year-long recession should it leave the European Union without a deal with Brussels, the government's official forecaster said Thursday.

"The UK enters a year-long recession in the fourth quarter of 2019" should Britain depart the bloc on October 31 with a "no-deal, no-transition Brexit", the Office for Budget Responsibility predicted in a report.

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First Published: Jul 18 2019 | 3:10 PM IST

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