Brexit already hurting UK economy and no-deal risks recession, says Office for Budget Responsibility

Press quote (The Independent)
11 October 2018

The Bank of England and some independent analysts, including the Centre for European Reform, have suggested that the Leave result has held back UK GDP growth by between 2 and 2.5 per cent relative to where it otherwise would have been due to lower household spending, resulting from the spike in inflation after the vote, and lower business investment due to Brexit-related uncertainty.