OECD Says Reversing Brexit Would Boost UK Economy

Reversing the Brexit process would boost the UK economy, the international economic body, the OECD has said.

A new referendum or a change of government leading to the UK staying within the EU would have a “significant” positive impact on growth, the OECD said.

It also warned “no deal” would see investment seize up, the pound hit new lows and the UK’s credit rating cut.

It said the outcome of the Brexit negotiations was hard to predict.

The Chancellor, Philip Hammond, said the UK would consider the Organisation for Economic Co-operation and Development (OECD)’s report and act where it could.

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