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British Prime Minister Boris Johnson will seek an election if his proposal is rejected by Parliament this week.

The pound just plunged to a 2-year low after Boris Johnson threatened a general election, fanning fears of more Brexit chaos

Britain's Parliament is meeting this week to vote on legislation preventing a 'no deal' departure from the EU.

Europe has a 70% chance of falling into recession, top economist warns

Allianz's chief economic adviser, Mohamed El-Erian, pointed to Brexit and a shrinking German economy as key drivers of a downturn.

Stocks are dropping on Italian political strife, weakness in the UK and German economies, and lingering trade-war fears

German exports fell the most in three years in June, while Italy's deputy prime minister called for a snap election.

The UK, German and Italian economies are all tanking at the same time

"We're starting to fear a Q2 GDP crash in Germany," says Pantheon Macroeconomics.

The UK might already be in a recession — before even leaving the EU

In the event of a "no-deal" Brexit, growth could drop to zero, according to the National Institute for Economic and Social Research.
The IFS' report makes for troubling reading.

A major new report into rising inequality warned that the growing gap between rich and poor is now a threat to Western democracy

A new study by Sir Angus Deaton for the Institute for Fiscal Studies suggests that widening gaps between rich and poor are

‘The UK is like an emerging market now’ thanks to Brexit, says veteran investor Mark Mobius

"Their balance of payments is terrible; their government debt is terrible; their fiscal debt is terrible," Mobius said.

Norway’s $1 trillion sovereign wealth fund, the world’s largest, is betting on the UK — regardless of how badly Brexit turns out

"We will continue to be significant investors in Britain," chief executive Yngve Slyngstad said, Reuters reported on Wednesday.

The looming threat of no deal Brexit could push the UK’s credit rating to its worst level in decades

"Fitch believes that a 'no-deal' Brexit would lead to substantial disruption to UK economic and trade prospects, at least in the near term."