What impact would a no-deal Brexit have on the British economy? It’s an important question, as negotiations between the UK and EU continue, and we move ever closer to our departure from the European Union. The latest warning over the dire economic consequences of a no-deal Brexit comes from the International Monetary Fund (IMF). They have concluded that such an outcome, resulting in the UK operating in the future on World Trade Organisation terms, would mean “substantial costs” for the UK economy.