What happens next with Brexit could make or break the UK economy

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London The chances of Britain leaving the European Union with a deal on October 31 are fading fast. That's likely to leave the country facing a general election which could lead to a 'no deal' Brexit or a new coalition government led by leftwinger Jeremy Corbyn that would give voters the chance to remain in the European Union.

Business hates the chaos that would accompany the first of those two scenarios. It would prefer Britain to remain in the European Union but has deep misgivings about Corbyn's tax and nationalization agenda. A new report published Tuesday by the independent Institute for Fiscal Studies , an economic research institute, in association with Citigroup, examines the economic consequences of both potential outcomes.

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