British bracing for world economy to punish UK for ‘Brexit’

June 26, 2016 4:57 AM

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LONDON — The British were warned for weeks that a vote to leave the European Union would result in economic pain. Now they’ll find out whether it will.

U.K. financial leaders are scrambling to reassure households, businesses and investors that they can contain the doom and gloom they had predicted in case of a British exit, or Brexit. The pound plunged to its lowest level in over 30 years on Friday, raising concerns about price inflation, and share...

Also read: British Consumers Keep Economy Humming Months After Brexit Vote

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