The Bank of England published its analysis of the current threats and scenarios flowing from the Brexit debacle.
The B of E’s top man Mark Carney spelled out in no uncertain terms that a disorderly exit, a no deal hard Brexit, was liable to cause the biggest recession in the UK since the last World War.
He also pointed to analysis that predicted that sterling would lose at least 25 percent of its value - leaving it at at 110p equalling €1. This would basically devastate many Irish exporters and cause serious job losses this side of the Irish sea.
Some snort “Hogwash”, others say it might not be that bad - but would you take the chance?
