Posts: 135125
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…
- I'm not a gynaecologist, but I know a c**t when I see one..... -
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…
- I'm not a gynaecologist, but I know a c**t when I see one..... -
- Fact - GazzaBlue 28/10 21:19 (read 9075 times, 7 posts in thread)
- That's because of EU exacting (protectionist) product standards - Suicidal Syd 14/11 15:03 (read 8758 times)
- so Trump in the US being protectionist is OK, and the UK following suit is too.... - themonitor 15/11 13:32 (read 8687 times)
- You want lower product standards? - Gramsci. 14/11 15:51 (read 8863 times)
- Re: Fact - RsFH 12/11 09:41 (read 8893 times)
- nah..... - Gav 1/11 18:38 (read 10462 times)
- You can say what you want people to believe in a forecast - Suicidal Syd 14/11 15:18 (read 8588 times)
- That's because of EU exacting (protectionist) product standards - Suicidal Syd 14/11 15:03 (read 8758 times)
Post Your Reply
You must log in to reply to posts. Use the log in form at the top of the page or click here to create an account.