BLoomberg Fancy another recession? Economists say voting to leave the European Union would dramatically increase the U.K.’s chances of heading down that road. As Britons contemplate their place in the 28-nation bloc before June’s referendum, respondents to a Bloomberg survey said the probability of a slump spikes to 40 percent in the event of an “out” vote. That compares with ...

Bloomberg Rachel Holdsworth has the “Brexit” blues. The 38-year-old London resident is anxious that her already expensive planned holiday to Norway is getting pricier with each passing day. The pound is sinking under the weight of worry that her fellow subjects will vote to quit the EU. “How much I pay will be entirely dependent on the exchange rate,” says ...

Bloomberg Bank of England Deputy Governor for Financial Stability Jon Cunliffe said risks to the UK outlook have increased and policy makers must be ready to act if needed. In a speech in London, Cunliffe said the global and domestic expansion has been weaker than he expected, pay growth will probably remain subdued and “deeper structural factors” may be at ...