LONDON (Reuters) - Britain’s government and the Bank of England warned on Wednesday that a no-deal Brexit would hammer the economy, while Prime Minister Theresa May’s plan for leaving the European Union, opposed by many lawmakers, could soften the blow.
Below are the main points of an analysis published by the government that covers the 15 years after Brexit, and the BoE report, which looks at the next five years.
Both the government and the central bank stress that these are scenarios rather than forecasts of what will happen.
All suggest Brexit will take its toll on the economy compared with either EU membership or previous growth trends.
FREE-TRADE DEAL WITH EU
GRAPHIC OF BREXIT'S ECONOMIC IMPACT tmsnrt.rs/2Rl7mxJ
Editing by David Stamp and Kevin Liffey