Brexit: UK could suffer devastating recession and worst economic slump since Second World War with 'disorderly' exit, Bank of England warns
Brexit: UK could suffer devastating recession and worst economic slump since Second World War with 'disorderly' exit, Bank of England warns
The Bank's worst case scenario points to plunging house prices, spiking joblessness, higher interest rates and a currency in freefall
The Independent UK
The Independent UK
Disorderly Brexit could unleash savage recession, Bank of England
Disorderly Brexit could unleash savage recession, Bank of England
The UK could suffer the worst economic slump since at least World War II if Prime Minister Theresa May fails to get her Brexit plan past lawmakers and the country crashes out of the European Union without a deal.The stark warning...
The New Zealand Herald
The New Zealand Herald
Carney Gets Apocalyptic in Warnings of No-Deal Brexit Risks
Carney Gets Apocalyptic in Warnings of No-Deal Brexit Risks
Bank of England Governor Mark Carney has never shied away from doomsday Brexit warnings, but in his latest analysis he’s gone further than ever.
Bloomberg
Bloomberg
Bank of England warns no-deal Brexit would cause historic downturn - as it happened
UK central bank outlines scenario of falling house prices, a sterling crisis and a shrinking economy, but critics aren’t convincedSummary: BoE pains grim no-deal Brexit pictureBreaking: Bank says no-deal Brexit would be worst than 2008 crisisBank warns of worst downturn in decadesRees-Mogg: Carney’s a second-tier failed politicianBanks can rise out…
The Guardian - UK
The Guardian - UK
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Brexit news latest: No deal scenario will see pound plunge and economy shrink, Bank of England warns
The Bank of England has warned a no deal disorderly Brexit would send the pound plunging while inflation soars and interest rates rise.
Evening Standard
Evening Standard
BOE Warns Disorderly Brexit May Halve Commercial-Property Prices
A disorderly Brexit could cause U.K. commercial-property prices to fall by even more than after the global financial crisis, the Bank of England warned.
Bloomberg
Bloomberg