Will Brexit force UK to employ 'helicopter money'?

'Hard-ish Brexit most likely outcome'

More than a year has passed since the UK electorate voted to leave the European Union (EU) and there is a very long way to go before an agreement over the terms of the UK's departure is likely to be reached - if there is an agreement at all, writes T. Rowe Price's Quentin Fitzsimmons.

In our view, the UK faces a very challenging few years as the country deals with its departure from the EU. We believe the economic impact of Brexit has been delayed rather than avoided and will probably begin to be felt later this year. Our concern is that, having largely exhausted its monetary policy options, the UK government will have limited ability to protect the economy from a significant slowdown. Our base case is that, barring a major political change of course in the UK during the next year or so - which is possible given the vulnerability of the government - a 'hard-ish'...