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ONS - UK recovery slows as economy grows by just 0.4 per cent


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http://news.sky.com/story/uk-banks-ready-to-withstand-hit-of-up-to-163200bn-in-face-of-economic-risks-12157685

 

"The Bank's Financial Stability Report's main message is the system is well-placed to absorb even a significant crunch, with banks so well capitalised that their balance sheets could withstand £200bn of credit losses - a number which would necessitate unemployment hitting 15% and house prices crashing by 30%."

 

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I wonder if a no deal brexit is being underpriced and underestimated. It is in Boris Johnsons nature to capitulate and spin anything as a good deal but I think the timing of everything suggests no deal is a genuine likely outcome presently whether intended or not. 

1st January 2021 is going to be really interesting.

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