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BREXIT LIVE: May’s Brexit on the BRINK

November 29, 2018 7:30 AM
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BREXIT LIVE: May’s Brexit on the BRINK

PRESSURE is growing on Theresa May with just weeks to go ahead of a crunch vote in Parliament which could see her Brexit plan destroyed.

Yesterday, Bank of England governor Mark Carney was accused of stoking “project hysteria” after publishing an analysis of a no-deal Brexit’s impact of Britain’s economy.

Critics rounded on Mr Carney’s “doomsday” scenario, with the governor claiming the UK faces the worst recession since the Second World War.

Under Mr Carney’s worst-case analysis, property prices would plunge by almost a third, the pound would dip below parity with the dollar and interest rates would soar.

One minister branded it "bonkers", while ex-Bank of England monetary policy committee member Andrew Sentance attacked the analysis as “highly speculative and extreme” while Jacob Rees-Mogg attacked the Bank of England’s analysis as “hysterical”.


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