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Financial Times @FinancialTimes
, 10 tweets, 5 min read Read on Twitter
The Bank of England has issued a new warning about the economic damage Brexit could do to the UK — here's what you need to know: ft.com/content/8b4253…
The worst case scenario for Brexit could be more painful than the financial crisis when GDP fell 6.25% ft.com/content/8b4253…
The Bank of England is predicting that the UK crashing out of the EU would be disastrous for house prices ft.com/content/8b4253…
A severe Brexit could also see unemployment almost double from the current rate of 4.1% ft.com/content/8b4253…
The direst Brexit scenario assumes that UK trade would decline sharply as trade barriers are introduced and that the UK would be unable to strike new trade deals until 2023. An increase in inflation could force up interest rates ft.com/content/8b4253…
The Bank of England also said today that the economy could receive a boost if parliament passes Theresa May’s Brexit deal, saying the economy could grow an extra 1.75% more than previously predicted ft.com/content/cc8540…
British lenders today got a good review from the Bank of England too after stress tests showed they would be able to withstand a global recession more severe than a disorderly Brexit — with Nationwide coming out top ft.com/content/5d8c4d…
Senior UK politicians are still calling for a second referendum, with the UK's shadow chancellor John McDonnell saying he believes one is 'inevitable' ft.com/content/c2a362…
Latest: Theresa May has conceded that any form of Brexit would leave the UK worse off — and that her negotiated deal with the EU would only mitigate the economic damage ft.com/content/98cda8…
Here's our full analysis of the UK government forecasts for Brexit that say Britain would ultimately be better off with no Brexit. ft.com/content/136fc2…
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