Brexit May Spark Yearlong Recession in Starkest U.K. Warning

  • Treasury forecasts 520,000 job losses, 3.6% Hit to GDP
  • Report is ‘categorically unfair and biased:’ Duncan Smith

How Reliable Are Brexit Forecasts?

The U.K. government issued its starkest warning yet about the dangers of a vote to leave the European Union in next month’s referendum, saying it risks causing a yearlong recession, sparking a decline in the pound and costing hundreds of thousands of jobs.

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