Government plan: 1.25 and 3.75% hit to GDP growth, inflation lower
No Deal/ no transition Brexit: sudden tariff barriers, border problems “for some time”
by 2023 GDP 10% lower -
Unemployment up to 7.5%,
sharp fall in sterling, tariffs push up inflation to 6%
No Deal No Transition disorderly Brexit leading to a severe cliff edge recession acc to Bank of England scenario modelling:
Jacob Rees Mogg even more unimpressed with Governor Carney than normal...