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Tag Archives: Bank of England

“Crashing out” of the EU – how big a crash?

The Bank of England published this graph showing the effect of leaving the EU with no deal in its report: EU withdrawal scenarios and monetary and financial stability: The graph is designed to look as scary as possible.  However, when we read the notes on page 53 we find this little …

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Bank of England gives Green Light to WTO Brexit

Coverage in the media of the fact that the Belfast Agreement does NOT specify open borders with frictionless trade in Ireland has been entirely suppressed (read the Belfast Agreement here if you don’t know this) and the news that the Bank of England has calculated that a WTO Brexit with a 21 …

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Treasury Select Committee Brexit report reviewed

The Treasury Select Committee (TSC) has delivered its report on Brexit, or to give the full title, “The economic and financial costs and benefits of the UK’s EU membership”. The result is far reaching, leaving a few questions unanswered. At times, observers might feel that the committee has been uneven …

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