The chance that Britain will leave the European Union without a deal is the high...
LONDON - The chance that Britain will leave the European Union without a deal is the highest since October 2017, economists polled by Reuters say, as arch-Brexiteer Boris Johnson looks set to take over as prime minister next week.
With Jeremy Hunt, Johnson's rival for the premiership, also keen to display his credentials as a hard Brexiteer, sterlinghas plunged this week to lows not seen in over two years as investors price in the growing risk of a disorderly Brexit. Growth forecasts remained modest, with the economy expected to expand 0.3-0.4% per quarter through to the end of next year.
“But the increasing uncertainty surrounding Brexit suggests policy tightening is equally unlikely this year.”
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