Boris Johnson held up a wrapped kipper to illustrate his argument about “pointless” EU rules at the final Tory leadership hustings in London Dan Kitwood/Getty ImagesBritain will slip into recession next year and the economy will be 3 per cent smaller if there is a no-deal Brexit, the UK’s official economic forecaster is expected to say today. The Office for Budget Responsibility is due to give its first assessment of the economic impact of a no-deal Brexit, including how it may affect household incomes, wages, employment and house prices. The five-year forecast predicts that the economy will contract in 2020 as the UK officially enters into a recession, The Times understands. The economy is forecast to recover the following year, but GDP is still likely to be at least 3 per cent lower under a no-deal than if the UK leaves the EU with a deal. The forecast comes amid…

Source: The Times July 17, 2019 21:00 UTC