Saturday, 29 April 2017

Brexit Could Trigger Worse Crash Than 2008, Says Vince Cable

THE GUARDIAN: Liberal Democrat former business secretary launches election bid with warning of dire consequences of leaving EU without a good deal

Quitting the EU could could trigger an economic crisis even greater than the 2008 financial crash, former business secretary Vince Cable has said. Cable predicted that job losses, inflation and falling consumer confidence could send the UK economy into a recession even harsher than the credit crunch if Theresa May presses ahead with a hard Brexit.

The Liberal Democrat made the comments as he launched his bid to reclaim his old seat of Twickenham in June’s general election. He has vowed to battle to keep Britain in the single market and the customs union if reelected. » | Tess de la Mere | Saturday, April 29, 2017