Britons across different industries are already feeling the effects of the Brexit vote. The construction sector has been hit particularly hard. Workers have been laid off. Samira Shackle reports from London. In the run up to Britain’s referendum on membership of the European Union, warnings from the Remain camp that exiting could precipitate an economic crisis were dismissed as “Project Fear.” In the seven weeks that have passed since the June 23 vote, there are signs that these warnings could be borne out. “The UK is likely headed for at least a mild recession in the medium term,” said Martin Michaels, economist at the Institute of Directors, a UK business body. “Much of the economic fallout … read more
Britain faces prospect of post-Brexit recession
- London, UK -