No-deal Brexit would be worse for the UK economy than Covid-19, says Bank of England governor
Due to unresolved fundamental differences causing some sort of a delay and slow progress in terms of the Brexit negotiations, Andrew Bailey says that failing to secure this new trade deal with the European Union would do more harm and damage to the UK Economy in the long run compared to the impact brought by the Covid-19 pandemic.
Now, Prime Minister Boris Johnson is being pressured by the UK business groups to secure a deal already; for without the EU deal, UK-based firms will face hefty tariffs, quotas, etc. starting on January 1.
Will a No Deal Brexit spell bad news for homeowners wanting to sell their houses quickly?
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