Fitch's McCormack Says a Hard Brexit Could Push U.K. Into Recession

The transcript discusses the potential economic impacts of a hard Brexit on the UK, including sovereign rating downgrades, recession risks, and currency fluctuations. It highlights the improvement in UK public finances despite weak growth and the potential erosion of financial cushions in a no deal scenario. The discussion also covers the uncertainty of the duration and severity of a hard Brexit and its implications on the economy, with a focus on the exchange rate and the role of sterling in economic adjustments.

What has been the trend of UK public finances since the Brexit referendum?

What are the potential consequences of a no-deal Brexit on the UK's economic scenario?

What factors could influence the severity of the economic impact of a hard Brexit?

How might a hard Brexit affect the UK's recession risk?

What role does the currency play in the economic adjustments following a hard Brexit?