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

FCA takes civil action against Neil Woodford and W4.0 for 'operating without authorisation'

FCA takes civil action against Neil Woodford and W4.0 for 'operating without authorisation'

Accused of breaching FSMA

Michael Nelson
clock 08 June 2026 • 2 min read
M&G's PruFund coming to Scottish Widows Platform

M&G's PruFund coming to Scottish Widows Platform

First third-party platform launch

Jen Frost
clock 08 June 2026 • 2 min read
Investors move from cash to US equities as confidence improves

Investors move from cash to US equities as confidence improves

Investment Association figures show

clock 05 June 2026 • 3 min read