Britain's fiscal watchdog compares shock of no-deal Brexit to collapse of Lehman Brothers

Britain's fiscal watchdog has compared the shock of a no-deal Brexit to the collapse of Lehman Brothers that sparked the global financial crisis more than a decade ago. Sir Charlie Bean, a member of the Office for Budget Responsibility (OBR), told MPs it was 'almost completely impossible' to accurately predict the shockwaves that would be sent through the economy should the UK crash out of the EU without a deal. He said that, as with the collapse of Lehmans in 2008, the actual havoc wrought by the shock would only become clear as events unfolded.