The Bank of England warned last week that a disorderly no-deal Brexit would cut GDP by between 4.75 and 7.75 per cent by 2023, and raise unemployment to between 5.7 and 7.5 per cent. These scenarios – the Bank denies they are forecasts – have been widely criticised even by sympathisers with the Bank. Andrew Sentence, a former MPC member and Remain supporter, called them “bogus”.
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Next week's economics: 22-26 April
Next week could bring glimmers of hope of a recovery in the eurozone, and evidence of continued growth in the US
Chris Dillow