A sharp decline in investment into the UK and higher trade barriers with the European Union in the event of a no-deal Brexit will plunge the country into a recession, according to the Office for Budget Responsibility (OBR).
The OBR's Fiscal risks report, published on Thursday (18 July), forecasts that real GDP will fall by 2% by the end of 2020, while the UK's debt is set to spiral by an additional £30bn per year than was...
December 'remains achievable'
Able to monetise its assets
Formal agreement set to be announced soon
Cash holdings continue to grow