BofE Predictions of Doom

Um, so, if the BofE is saying this 

"A no-deal Brexit could send the pound plunging and trigger a worse recession than the financial crisis, the Bank of England has warned. It said the UK economy could shrink by 8% in the immediate aftermath if there was no transition period, while house prices could fall by almost a third. The Bank of England also warned the pound could fall by a quarter. The Bank's analysis comes after the Treasury said the UK would be worse off under any form of Brexit."  https://www.bbc.co.uk/news/business-46377309 [bold is mine]

I don't know if I should be looking at potential relocation, or being finally able to buy a house here that a 30% reduction in prices and inflated dollar-to-pound income would mean I could afford, or if taxes are going to have to go through the roof to make up for this, or...?  Ehhh? When are they having the MP vote anyway? It's sometime in December, right?

They couldn't make this information available BEFORE the referendum? That is just so...bizarre. 

Um, so, if the BofE is saying this 

"A no-deal Brexit could send the pound plunging and trigger a worse recession than the financial crisis, the Bank of England has warned. It said the UK economy could shrink by 8% in the immediate aftermath if there was no transition period, while house prices could fall by almost a third. The Bank of England also warned the pound could fall by a quarter. The Bank's analysis comes after the Treasury said the UK would be worse off under any form of Brexit."  https://www.bbc.co.uk/news/business-46377309 [bold is mine]

I don't know if I should be looking at potential relocation, or being finally able to buy a house here that a 30% reduction in prices and inflated dollar-to-pound income would mean I could afford, or if taxes are going to have to go through the roof to make up for this, or...?  Ehhh? When are they having the MP vote anyway? It's sometime in December, right?

They couldn't make this information available BEFORE the referendum? That is just so...bizarre. 

They did make this information available before the referendum in what be known as “Project Fear”. That was all the remainers focused on because Cameron could not conceive of the voters ignoring all the predictions of economic disaster. The Chancellor said he would have to introduce an emergency budget if the vote was leave.

They did make this information available before the referendum in what be known as “Project Fear”. That was all the remainers focused on because Cameron could not conceive of the voters ignoring all the predictions of economic disaster. The Chancellor said he would have to introduce an emergency budget if the vote was leave.

 

Who could have possibly known it would end up like this? 

Me for one, you bunch of moron leave voters!

Who could have possibly known it would end up like this? 

Me for one, you bunch of moron leave voters!

PREACH!!!

Don't they make you put together a business plan if you are opening a taco cart?

Don't they make you put together a business plan if you are opening a taco cart?

Not if you are going to have a referendum to decide if a taco cart is needed 

Mmmmm, taco's....  mmmmmmm....

Mmmmm, taco's....  mmmmmmm....

In our analogy, tacos are the Germans right?

In our analogy, tacos are the Germans right?

The mince in the tacos is David Davies.

David Cameron was running the taco cart but he pushed it in front of a bus and ran away.

David Cameron was running the taco cart

Don't try the  carnitas. If you know what I mean. They may have the "special sauce". If you catch my drift.

Head Cheese?

Did I mention we had head cheese at my wedding?  It was really nice.  I ate it for three days before I knew precisely what it was.  I had a pretty good idea though.

 

They did make this information available before the referendum in what be known as “Project Fear”.

It was Carney who predicted that if the UK voted to leave the EU, that would cause a recession of 6 months of negative growth. That didn’t happen. Quite a few thought he was not up to the job when he was appointed Governor of the Bank of England. He is leaving next year.

The lateset growth figures are staggering:  the UK has the highest growth of all the 28 EU countries. Germany is in negative growth!
The UK has the lowest unemployment figures seen for years.


The highly respected previous Governor of the Bank of England Mervin King, who served over the usual 8 years term for that job, 2003 - 2013,  has written an interesting article. He is a Brexiteer.
https://www.bloomberg.com/opinion/articles/2018-12-04/mervyn-king-says-may-s-brexit-deal-is-a-betrayal