No-deal Brexit could trigger 'year-long' UK recession

No-deal Brexit could trigger 'year-long' UK recession

The Office for Budget Responsibility also says tax and spending proposals made by Johnson and Hunt would be likely to increase government borrowing by tens of billions of pounds

The UK’s budgetary watchdog has warned that the country’s economy could be pushed into a year-long recession if it crashed out of the EU without a deal or a transition period.

It has also taken a swipe at the two contenders for the Conservative leadership, Boris Johnson and Jeremy Hunt, saying they have made “a series of uncosted proposals for tax cuts and...

Subscribe from just 1€

Exclusive offers

Choose the subscription that is right for you

Monthly Subscription

€1

For the first month

€19.99 Monthly Thereafter

Subscribe today

Cancel anytime

Annual Subscription

€200€149

For the first year

€199.99 annually thereafter

Subscribe today

Cancel anytime

Quarterly Subscription

€55€42

For the first 90 days

€55.00 quarterly Thereafter

Subscribe today

Cancel anytime

These offers are not available for current subscribers. Offers and pricing are subject to change without notice.

Terms & Conditions Apply

Please Subscribe or Log in to continue

Subscribe Login

Related Articles

More from The Business Post