Here's what a no deal Brexit would mean for the British economy

Reuters/Henry Nicholls

• Capital Economics' Vicky Redwood examined the potential economic impact of a no deal Brexit on the UK.
• The UK should skirt around a recession in 2019, but growth would take a major hit, she said.
• "Although the more extreme warnings about the short-term impact of a 'no-deal' Brexit on the economy are overdone, there is little doubt that it could deal a reasonable blow to GDP growth next year," Redwood wrote to clients on Wednesday.

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The prospect of a no deal Brexit reared its head again this week, as the government admitted it is stockpiling food and medicines in preparation for such an occurrence, and Trade Minister Liam Fox told Business Insider that Britain should "leave without a deal" if one has not been secured by the end of the Article 50 period.

Warnings abound about the possibility of shortages of goods, the grounding of flights, and chaos at borders if no deal does materialise, but what would happen to the UK economy as a whole?

See the rest of the story at Business Insider

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