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posted on 1/11/2018 18:38nah..... - Gav
A disorderly no-deal Brexit would plunge the UK into recession, cost a million Britons their jobs and leave households an average of £2,700 a year out of pocket, according to a leading global credit rating agency.
Standard & Poor’s said that the UK’s AA sovereign rating, the third highest grade, would be cut if Theresa May failed to secure a deal.
It forecast that this would shrink the economy by 1.2 per cent next year and 1.5 per cent in 2020. The resulting recession would push debt as a share of GDP close to 100 per cent by 2021 as borrowing soared, compared with its baseline forecast of 85 per cent, S&P said.
It forecast a jump in unemployment from 4 per cent to 7…
Standard & Poor’s said that the UK’s AA sovereign rating, the third highest grade, would be cut if Theresa May failed to secure a deal.
It forecast that this would shrink the economy by 1.2 per cent next year and 1.5 per cent in 2020. The resulting recession would push debt as a share of GDP close to 100 per cent by 2021 as borrowing soared, compared with its baseline forecast of 85 per cent, S&P said.
It forecast a jump in unemployment from 4 per cent to 7…
- Fact - GazzaBlue 28/10 21:19 (read 10246 times, 7 posts in thread)
- That's because of EU exacting (protectionist) product standards - Suicidal Syd 14/11 15:03 (read 9934 times)
- so Trump in the US being protectionist is OK, and the UK following suit is too.... - themonitor 15/11 13:32 (read 9856 times)
- You want lower product standards? - Gramsci. 14/11 15:51 (read 10040 times)
- Re: Fact - RsFH 12/11 09:41 (read 10080 times)
- nah..... - Gav 1/11 18:38 (read 12095 times)
- You can say what you want people to believe in a forecast - Suicidal Syd 14/11 15:18 (read 9770 times)
- That's because of EU exacting (protectionist) product standards - Suicidal Syd 14/11 15:03 (read 9934 times)
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