Britain ‘facing highest risk of recession since 2007’

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Policy may be constrained by the fact Bank has already deployed its tools to curtail the last recession

Britain is facing the highest risk of a recession since the financial crisis and needs urgent plans to combat the next downturn, according to an alarming assessment of the nation’s economic health.

Preparations need to be made to reduce the impact, the study by the Resolution Foundation thinktank warns. It states that both uncertainty around Brexit and the global economic slowdown have led to the highest recession risk since 2007.

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