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SubscribeRatings agency Fitch has warned a “no-deal” Brexit would hit UK businesses hard in the short term.
It warned that the switch to third-country trading status would cause disruption at borders, weaken Sterling and push the country into recession.
It would also cause a longer term drag on corporate performance due to the impact of trade barriers.
Fitch said retailers with significant European Union imports and airlines would be among those hit hardest.
