May Says U.K. Economy Is ‘Strong’ as IFS Warns of Budget Hole
- U.K. prime minister is concluding three-day visit to India
- Institute for Fiscal Studies sees $31 billion hit to finances
Brexit Britain Warned of a £25 Billion Black Hole
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The U.K. economy is “strong” and increasingly attractive to foreign investors, Theresa May said on Tuesday, after economists warned her government faces a 25 billion-pound ($31 billion) hole in its finances following the Brexit vote.
Leaving the European Union gives Britain a “world of opportunities,” the prime minister told U.K. broadcasters Tuesday during a three-day trade mission to India. Many of the businesses she has met are “very keen” to reach deals with the U.K., she said.