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

Chris Justham: All I know about love and the next 12 months

Chris Justham: All I know about love and the next 12 months

'There's power in admitting that you don't know'

Chris Justham
clock 22 January 2026 • 2 min read
Rathbones looks for growth after year of internal focus during Investec merger

Rathbones looks for growth after year of internal focus during Investec merger

Growth in funds under management and administration to £115.6bn

Eve Maddock-Jones
clock 15 January 2026 • 3 min read
Brooks Macdonald returns to positive flows in Q2

Brooks Macdonald returns to positive flows in Q2

Funds under management/advice now top £20bn

Jenna Brown
clock 15 January 2026 • 2 min read