Belfast Telegraph

Prepare for a no-deal Brexit in 30 days, firms are warned

 

Danske Bank chief economist Conor Lambe
Danske Bank chief economist Conor Lambe
Margaret Canning

By Margaret Canning

Danske Bank chief economist Conor Lambe today warns firms to prepare for a no-deal Brexit as it downgraded its forecast for the economy to 0.9%.

Mr Lambe said there were still a number of possibilities for what might happen over the next 30 days, with the UK due to leave the EU on October 31.

Possibilities included a no-deal exit, a withdrawal agreement being reached, an extension of Article 50 period or a general election.

But predictions were "incredibly difficult". "Businesses should behave prudently and use this time to ensure they are as prepared as they can be for a worst-case scenario, no-deal Brexit, in case it occurs at the end of this month," he said.

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