The UK is set to take a $113bn hit if no-deal Brexit happens
Britain’s Chancellor Philip Hammond has warned that a ‘no-deal’ Brexit could damage the country’s economy to the tune of £90bn over the next 15 years.
Britain’s economy is still struggling from the aftermath of the 2007 global economic recession and London can ill afford further strain on its finances.for the first time since late 2012. According to manufacturing and construction date published earlier this week, the UK’s economy shrank by 0.1 percent in the second quarter of 2019.The sterling has also failed to recover after it plunged in the aftermath of the 2016 referendum result announcement.
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