No deal Brexit ‘will create £30bn black hole’

The UK will go into recession next year and the economy will be three per cent smaller if there is a ‘no-deal’ Brexit, according to the Office for Budget Responsibility (OBR), reports The Times (£, p1). The economic forecaster is due to give its first assessment of the economic impact of leaving without a deal later today, including how it may affect household finances, employment and house prices.

Source: The Times
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