Is the UK Heading Towards a Recession?

The UK will slide into recession whether it leaves the EU with a deal or without one and the Bank of England will be forced to cut interest rates, says Janus Henderson's Simon Ward

David Brenchley 28 March, 2019 | 10:32AM

Theresa May Brexit March 2019

A no-deal Brexit is more likely than people think, but the UK is likely to slip into recession whether it eventually leaves the European Union with a deal or without one, according to Janus Henderson’s Simon Ward.

The European Council recently agreed to delay Brexit until May 22 if Prime Minister Theresa May’s deal is approved by MPs once it is put in front of them for the third time. If the deal is rejected once again, the UK has until April 12 to put a new plan in front of European leaders.

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About Author

David Brenchley

David Brenchley  is a Reporter for Morningstar.co.uk

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