IMF: No-deal Brexit is biggest risk to Britains economy
An exit by Britain from the European Union without a framework agreement to preserve some economic integration is the biggest near-term risk to the British economy, an International Monetary Fund spokesman said on Thursday.
An exit by Britain from the European Union without a framework agreement to preserve some economic integration is the biggest near-term risk to the British economy, an International Monetary Fund spokesman said on Thursday.
IMF spokesman Gerry Rice told reporters that all Brexit outcomes will entail costs, because they will raise impediments to the current "frictionless" single market with the EU.
"Leaving without a withdrawal agreement and a framework for the future relationship with the EU is the most significant near-term risk to the UK economy," Rice said.
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.