No-deal Brexit could tip UK into recession, warns Moody's

Credit ratings agency says failing to agree deal will lead to weaker pound, higher inflation and pay squeezeBritish households would face a renewed squeeze on living standards from a no-deal Brexit that could tip the country into recession, according to a report.Issuing a stark warning for Britain that crashing out of the EU without a deal next year would have widespread ramifications, the credit ratings agency Moody’s said the risks to the British economy had “risen materially&rdquo