Extreme Brexit Could Be Worse Than Financial Crisis For UK

2018-11-29 0

According to Reuters, the Bank of England said that Britain risks suffering an even bigger hit to its economy than during the global financial crisis 10 years ago if it leaves the European Union. Hours after the British government issued its own stark warning about the risks of a no-deal Brexit, the central bank said the economy could contract by as much as 8 percent within a year.

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