{"id":383300,"date":"2018-11-02T05:17:35","date_gmt":"2018-11-02T04:17:35","guid":{"rendered":"http:\/\/rinf.com\/alt-news\/newswire\/presstv-no-deal-brexit-to-trigger-lengthy-uk-recession-sp\/"},"modified":"2018-11-02T05:17:35","modified_gmt":"2018-11-02T04:17:35","slug":"presstv-no-deal-brexit-to-trigger-lengthy-uk-recession-sp","status":"publish","type":"post","link":"http:\/\/rinf.com\/alt-news\/newswire\/presstv-no-deal-brexit-to-trigger-lengthy-uk-recession-sp\/","title":{"rendered":"PressTV-No-deal Brexit to trigger lengthy UK recession: S&#038;P"},"content":{"rendered":"<div>\n<p><strong>The UK will begin to suffer a lengthy economic recession if Prime Minister Theresa May fails to reach a Brexit deal with the European Union, experts warn.<\/strong><\/p>\n<p>Britons will experience rising unemployment and inflation rate as well as falling household incomes\u00a0all of which will result in\u00a0a recession in case of \u201cno-deal\u201d Brexit, according to an analysis by the global rating agency Standard &amp; Poor\u2019s.<\/p>\n<p>\u201cUnemployment would rise from current all-time low of 4% to 7.4% by 2020 \u2013 a rate last seen in the aftermath of the financial crisis,\u201d it said.<\/p>\n<p>\u201cHouse prices would likely fall by 10% over two years\u201d and \u201chousehold incomes would be \u00a32,700 lower a year after leaving without a deal,\u201d it added.<\/p>\n<p>There would also be a downgrade to the UK\u2019s credit rating, which would lead to a rise in the Treasury\u2019s borrowing costs, warned S&amp;P, adding it still expected both the UK and the EU to strike a deal before next March, when the UK is&#8230;<\/p>\n<\/div>\n<p> <a href=\"http:\/\/www.presstv.ir\/Detail\/2018\/10\/31\/578630\/UK-Brexit-Theresa-May-recssion\">Read more<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The UK will begin to suffer a lengthy economic recession if Prime Minister Theresa May fails to reach a Brexit deal with the European Union, experts warn. Britons will experience rising unemployment and inflation rate as well as falling household incomes\u00a0all of which will result in\u00a0a recession in case of \u201cno-deal\u201d Brexit, according to an [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[519],"tags":[],"class_list":{"0":"post-383300","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-newswire"},"_links":{"self":[{"href":"http:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/posts\/383300","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/comments?post=383300"}],"version-history":[{"count":0,"href":"http:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/posts\/383300\/revisions"}],"wp:attachment":[{"href":"http:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/media?parent=383300"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/categories?post=383300"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/tags?post=383300"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}