The central bank’s monetary policy committee is likely to cut interest rates to soften the blow to the economy if Brexit occurs without a deal

The number of homeowners who fall behind on mortgage payments would jump by about a third if Britain were to crash out of the European Union instead of staying in the bloc, a specialist lender has warned.

It also has emerged that Brexit uncertainty is taking a toll on the jobs market, with a survey suggesting that businesses plan to cut back on hiring for a second successive month and that corporate confidence is reaching its lowest level in more than two years

Kensington Mortgages estimated that 70,296 borrowers would be more than three months in arrears on their repayments in three years’ time if Britain were to leave the EU without a deal and the Bank of England did not step in to prop