I’M not impressed by Julia Breen’s weeping and wailing about the initial disruption that would be caused by a no deal Brexit (Echo, Aug 29).
Clearly there will initially be disruption.
But much the most important point is the overall ultimate effect on national output (ie GDP), and hence living standards.
The Bank of England’s latest “worst case scenario” estimate is a 5.5 per cent fall in GDP.
On that basis, the most likely effect may be something like three per cent or four per cent.
I’m not losing nights of sleep over that.
Ralph Musgrave, Durham
Comments: Our rules
We want our comments to be a lively and valuable part of our community - a place where readers can debate and engage with the most important local issues. The ability to comment on our stories is a privilege, not a right, however, and that privilege may be withdrawn if it is abused or misused.
Please report any comments that break our rules.
Read the rules hereLast Updated:
Report this comment Cancel