Thu. Jul 18th, 2024

Bank of England: Britain's GDP will fall 10 per cent if no deal

Bank of England: Britain's GDP will fall 10 per cent if no deal

NO DEAL Brexit chaos would plunge Britain into the worst recession since World War 2, the Bank of England warned today in a bombshell report.

The pound would crash, house prices would dive and inflation would soar if there was a disorderly exit, causing financial chaos for millions, it was claimed in a dire new warning.

The famously gloomy Bank claimed that Britain's GDP could drop by as much as 10.5 per cent over five years as the economy would took a huge tumble.

It comes after a separate Treasury forecast said that Britain would be worse off under all types of Brexit - and No Deal would cost us far more.

Continue reading:

Brexiteers slam Bank of England’s ‘No Deal’ hysteria claims of house prices to crash by 30 per cent and pound ‘worth less than dollar:

Bank of England Governor Mark Carney forecasts a ‘No Deal’ Brexit disaster with staff exodus, house price slump and GDP crisis:

Sun Subscribers receive the latest breaking news and videos direct to their feed. SUBSCRIBE NOW and hit the bell to be the first in the know.

Like The Sun on Facebook:
Follow The Sun on Twitter:
Subscribe to The Sun on Snapchat:

Related Post