Brewin Dolphin: Don't Fall For Brexit Doomsday Predictions

The Bank of England's latest Brexit forecasts have been labelled as scaremongering. Brewin Dolphin warn the worst course of action for investors would be to sell

David Brenchley 6 December, 2018 | 7:29AM

Mark Carney, Bank of England, Brexit, stagflation, Brexit impact

Investors should not take the Bank of England’s latest forecasts on the impact of Brexit on the UK economy as a sell signal. Instead, they should keep their eyes firmly focused on the horizon, says Brewin Dolphin’s Rob Burgeman.

According to the Bank’s latest projections, a no-deal Brexit could cause the sharpest slowdown in the UK economy for almost a century and see a return to stagflation. GDP could fall by 8%, house prices by 33%, unemployment rise to 7.5% and inflation increase to 6% leading to much higher interest rates.

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About Author

David Brenchley

David Brenchley  is a Reporter for Morningstar.co.uk

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