This statistic presents the forecasted percentage change a no-deal Brexit would have on major economic indicators. In this scenario the United Kingdom's GDP is estimated to fall by eight percent, with house prices also predicted to decline by as much as 30 percent.
While a deal between Britain and the European Union was reached in November 2018, the deal must survive a parliamentary vote in order for it to be implemented. In the event that the vote doesn't go through parliament a no-deal Brexit would be the default scenario.
Forecasted percentage change of major economic indicators in a 'no transition no deal' Brexit scenario in the United Kingdom (UK) in 2018*
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Bank of England. (November 28, 2018). Forecasted percentage change of major economic indicators in a 'no transition no deal' Brexit scenario in the United Kingdom (UK) in 2018* [Graph]. In Statista. Retrieved December 21, 2024, from https://www.statista.com/statistics/946686/predicted-economic-effects-of-brexit/
Bank of England. "Forecasted percentage change of major economic indicators in a 'no transition no deal' Brexit scenario in the United Kingdom (UK) in 2018*." Chart. November 28, 2018. Statista. Accessed December 21, 2024. https://www.statista.com/statistics/946686/predicted-economic-effects-of-brexit/
Bank of England. (2018). Forecasted percentage change of major economic indicators in a 'no transition no deal' Brexit scenario in the United Kingdom (UK) in 2018*. Statista. Statista Inc.. Accessed: December 21, 2024. https://www.statista.com/statistics/946686/predicted-economic-effects-of-brexit/
Bank of England. "Forecasted Percentage Change of Major Economic Indicators in a 'no Transition No Deal' Brexit Scenario in The United Kingdom (Uk) in 2018*." Statista, Statista Inc., 28 Nov 2018, https://www.statista.com/statistics/946686/predicted-economic-effects-of-brexit/
Bank of England, Forecasted percentage change of major economic indicators in a 'no transition no deal' Brexit scenario in the United Kingdom (UK) in 2018* Statista, https://www.statista.com/statistics/946686/predicted-economic-effects-of-brexit/ (last visited December 21, 2024)
Forecasted percentage change of major economic indicators in a 'no transition no deal' Brexit scenario in the United Kingdom (UK) in 2018* [Graph], Bank of England, November 28, 2018. [Online]. Available: https://www.statista.com/statistics/946686/predicted-economic-effects-of-brexit/
