IMF: No-Deal Brexit Would Entail Substantial Costs
Britain's economy would suffer "substantial costs" if it leaves the European Union next March with no divorce agreement in place, the International Monetary Fund warned Monday.
A no-deal Brexit, whereby Britain faces World Trade Organisation tariffs, would "entail substantial costs for the UK economy -- and to a lesser extent the EU economies", the IMF said in its quarterly assessment.
Source: Agence France Presse
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