Here are some sobering comments from the Gov of the BofE. Rishi & Co have been focusing our attention on the ‘devastating effect’ of the C-word on the economy. The B-word has conveniently become a background issue, but is destined to move to the foreground and sharply into focus in the New Year, when All This starts to be behind us. The bounce back from that could take rather longer. Most fund managers long-ago reduced their UK investments accordingly. Of course, there may be A Deal. If there is, it’s unlikely to be as effective as the vaccine. I’d say.
“A ‘no-deal’ Brexit will be devastating”
I quoted Overheard Bloke in the Gym Changing Room not long after the referendum: ‘We should say ‘You’ve had your last cheque, Merkel’, close the borders, job done!’ If we’d followed his sage advice rather than fannying around for four years, we’d have been through the...
