The Office for Budget Responsibility (OBR) has said GDP will fall by 2% if the United Kingdom leaves without a no-deal Brexit by the end of 2020, meaning we will fall into a recession.
In its opening assessment of a no-deal Brexit and the estimated economic consequences, the OBR concluded that the economy would suffer in 2020 and begin to regain ground in 2021. "But surveys were particularly weak in June, suggesting that the pace of growth is likely to remain weak".
The independent forecaster warned that leaving without a deal would cost the British economy £30 billion and that the disruption and chaos that would follow a no-deal Brexit would pose a grave threat to public finances.
Ms James said, in a statement after her resignation, that she was "increasingly uncomfortable" about the rhetoric developing on Brexit.
UK Finance Minister Philip Hammond effectively declared war on Boris Johnson on Friday, when he refused to rule out supporting a no-confidence motion if the Tory leadership favourite became prime minister.
The pro-European March for Change is holding a "No to Boris, Yes to Europe" event, and includes a blimp depicting him. "It's not useful to use it".
He said he spoke with Johnson on Thursday and predicted a positive direction for U.S. -U.K. with him occupying 10 Downing Street.
But leading Brexiteer and Tory MP Jacob Rees-Mogg told the same programme those trying to prevent it were "not saying what they believe", and their intention was to "snub the British voters" and stop Brexit altogether.
"British nationals will potentially lose access to pension entitlement, lose access to health care entitlement, lose access to welfare entitlement and a whole gamut of other issues", he said. "That in some vault somewhere in Westminster there will be a Harry Potter-like book with all the tricks and all the things in it to do".
The measure being voted on does not go as far as an outright block on Parliament being suspended. The notion that you can just rush that through - while feasible, strikes me as very very unlikely.
Trump also panned outgoing prime minister Theresa May's handling of Brexit, as he had previously.
They also endorsed a requirement for ministers to make fortnightly reports on progress towards re-establishing Northern Ireland's collapsed, devolved executive and to give lawmakers an opportunity to debate and approve those reports.