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The calm before a possible storm for the economy

Fog in

In recent years the British economy has been a star performer among big, rich countries.

wage growth has been poor

the jobs market has been running hot.

rate is near a record high

did a lot less damage that many expected.

have held up

was easily avoided.

making their goods and services more competitive abroad

long-standing problem of

Such an outcome would bring gale warnings for the economy

be overwhelmed by their new responsibilities, bringing the prospect of chaos at the ports. 

face a range of tariff and non-tariff barriers

If a no-deal Brexit started to look like a real possibility, things would take a turn for the worse.

causing another spike in inflation

outflows of foreign direct investment,

Mrs May needs to steer carefully.