“The best thing is to avoid a no-deal Brexit and to stay closely aligned to the EU as possible,” she said. A no-deal Brexit would take close to 3% off the UK's economic growth in the next three years, according to the Organisation for Economic Co-Operation and Development (OECD). The OECD said that if Britain left without a deal, it could see its economy shrink by up to 3%. Moreover, a lack of access to EU markets would probably force the UK into a recession in 2020, according to the data, due to a drop in trade and outside investment, as well as reduced technical knowledge and a weakened pound.
A no-deal Brexit would take close to 3% off the UK's economic growth in the next three years, according to the Organisation for Economic Co-Operation and Development (OECD). The OECD said that if Britain left without a deal, it could see its economy shrink by up to 3%. Moreover, a lack of access to EU markets would probably force the UK into a recession in 2020, according to the data, due to a drop in trade and outside investment, as well as reduced technical knowledge and a weakened pound.