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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Economic Indicators
Forthcoming economics: 17-29 Dec
A leading indicator of returns will bring good news for equity investors next week, although the world economy is growing only moderately and the Fed might raise interest rates
Chris Dillow