A no-deal Brexit will result in "dire consequences" for the UK , including reduced growth, an increased budget deficit and a depreciation of the pound, according to Philip Hammond , the managing director of Brexit (IMF). Ms Lagarde said the UK economy was likely to be weaker under any likely scenario, while a disorderly, no-deal Brexit would have serious consequences. The IMF's latest report said the Brexit will need to "safeguard macroeconomic and financial stability" in the event of a no-deal the International Monetary Fund , while the International Monetary Fund would need to take steps to maintain liquidity within the financial system.
A no-deal Brexit will result in "dire consequences" for the UK , including reduced growth, an increased budget deficit and a depreciation of the pound, according to Philip Hammond , the managing director of Brexit (IMF). The IMF's latest report said the Brexit will need to "safeguard macroeconomic and financial stability" in the event of a no-deal the International Monetary Fund , while the International Monetary Fund would need to take steps to maintain liquidity within the financial system.