Woodford IM: "'No-deal' Brexit nowhere near as bleak as predicted"

For UK economy

clock • 3 min read

A 'no-deal' Brexit agreement between the UK and European Union "would not result in a major slowdown or recession", as policymakers will react in ways that "blunt the impacts", according to research published by Woodford Investment Management.

The firm commissioned Capital Economics to carry out further research on Brexit and its impact on various parts of the UK economy, after doing so in the lead up to EU referendum in February 2016. The group, led by veteran fund manager Neil Woodford, has now published Brexit: where are we now? which found that although there would be some "economic dislocation" with growth dipping under 1%, the government would react with a combination of low interest rates, low taxes and increased subsidies to counteract the market shock. Commenting on the report's findings, Woodford IM's head of inve...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Investment

Darius McDermott: Old demographics, new innovations — so why isn't healthcare booming?

Darius McDermott: Old demographics, new innovations — so why isn't healthcare booming?

'The sector should be flying — but it isn't'

Darius McDermott
clock 08 May 2025 • 5 min read
Why China's journey to net zero demands investors' attention

Why China's journey to net zero demands investors' attention

China's journey towards net zero could yet prove more rapid than expected

Gabriel Sacks
clock 07 May 2025 • 4 min read
Morningstar CEO: Advisers and industry need 'shared language' around risk

Morningstar CEO: Advisers and industry need 'shared language' around risk

Kapoor points to UK regulation becoming more ‘goals focused’

Sahar Nazir
clock 07 May 2025 • 2 min read