Greater Manchester Economy

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No deal Brexit, will it create another recession?

John Ashcroft, Economist and author of The Saturday Economist, weighs up the evidence.
Britain faces a ‘devastating recession’, a plunging pound and soaring prices if a ‘No deal Brexit’ takes place, according to a recent analysis from ratings agency Moody’s.

Here’s how that works out… In the event of no agreement to an orderly exit from the EU, the UK would face a considerable crisis of confidence leading to a fall in output.

Is this likely?