Brexit will provoke ’paradigm change’ similar to 2008 crash, Davis tells MPs

Leaving the EU will provoke a "paradigm change" in the UK economy in a similar way to the financial crash of 2008, Brexit Secretary David Davis has told MPs.

Leaving the EU will provoke a "paradigm change" in the UK economy in a similar way to the financial crash of 2008, Brexit Secretary David Davis has told MPs.

Mr Davis said that in such circumstances, any assessment of the potential impact of the change on various sectors of British industry using existing economic models would not necessarily be "informative" about the likely outcome.