Never mind the Brexit sideshow – recession is the real worry | Larry Elliot

Markets are more jittery about the prospect of a downturn than May’s doomed dealIt is crunch time for and Theresa May and the financial markets are in turmoil. The drama at Westminster has been mirrored by drama on stock markets, with share prices tumbling and money flooding into the customary safe haven assets – gold and government bonds. Squeaky bum time all round.None of this really has much to do with May’s doomed Brexit agreement, because the City has known since the minut