Brexit: No deal brings risk of stockpiling says watchdog

Brexit: No deal brings risk of stockpiling says watchdog
 

An "abrupt and disorderly" Brexit could have a severe short-term impact on the UK economy and public finances, the country's fiscal watchdog has warned.
If the UK leaves the EU without a deal, it could lead to shortages and hoarding of some imported products, said the Office for Budget Responsibility.
The OBR said the lack of precedents for Brexit made the effect hard to predict.
But it noted that 1974's Three-Day Week prompted by miners' industrial action caused a 3% fall in quarterly output.
The OBR said weaker economic activity and higher prices could result from a no-deal... read more

 
Thursday, 13:23 in Business, Views: 54
Source: BBC
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