UK Highlights GDP Hit From ‘No-Deal’ Brexit as May Courts Skeptical Lawmakers

UK Highlights GDP Hit From ‘No-Deal’ Brexit as May Courts Skeptical Lawmakers
Britain's Prime Minister Theresa May in Brussels, Belgium, on Nov. 25, 2018. Reuters/Dylan Martinez
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LONDON—Britain’s government has stepped up its warnings that a “no-deal” Brexit would hammer the economy, and pressed lawmakers to drop their opposition to Prime Minister Theresa May’s plan, which it said would limit the damage.

Acknowledging that any Brexit option would be worse for the economy than staying in the European Union, the government said leaving the bloc without any agreement with Brussels would weigh heavily on growth at least into the 2030s.