Victims of Brexit’s Real-Time Recession Already Feeling the Pain

Updated on
  • Hiring, expansion, investments all on hold after vote
  • Decision to leave EU ’is a miserable outcome for the economy’

El-Erian: Don't Think U.K. Will Avoid Recession

Damian Kimmelman is exactly the kind of entrepreneur the U.K. government says it needs. His London startup has 100 employees and expects to hire many more. Unfortunately for the British economy, Kimmelman’s new people won’t be in the U.K.: He changed his plans after voters chose to leave the European Union last week.

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