Yesterday, the BBC ran with the story on Mark Carney, the Governor of the Bank of England, warning on the dangers of a no deal Brexit. The pound slumped on his warning that such an outcome looked more likely than ever.
THe BBC "balanced" this with IDS coming on and waffling about how there was nothing to fear regarding WTO rules. I mean this does sound OK, until you begin to look at what the basc WTO tariffs are on agrifoods, 42% on lamb for a start. At a stroke, farming would be wiped out.
Carney is not British, not that it matters, he is an independent expert in financial matters, but that hasn't stopped some headbangers suggesting that the BoE needs a patriotic Brit in charge as they see his pessimism adversely, maybe deliberately so, affecting Brexit badly.
But what is this Brexit they are fearing for? As Brexit is going to happen unless the UK Government wants otherwise, and they have said nothing to suggest a change of course. Is that the headbangers were hoping that in threatening a no deal, the EU would blink first can cave in? Odd as all blinking this far has been done by the UK, and in some cases, not really realising what they had accepted, with May still suggesting that despite agreeing to the backstop option, twice, she would not honour that commitment.
Hmmmmm.
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