Brexit supporters must hold their nerve in the face of Project Fear’s sound and fury
SIR – The big guns of Project Fear have fired yet again. The Bank of England and the Treasury warn that if our MPS have the temerity to vote down the Withdrawal Agreement, economic catastrophe will ensue (report, November 29).
Before the referendum, both made similar predictions. The British people voted nevertheless to leave. The economy then strengthened and unemployment fell to record lows.
This time, the Bank of England has admitted that these are “worst-case scenarios”. The Treasury, meanwhile, refuses to disclose the methodology or input. There are echoes here of Downing Street’s refusal to provide Parliament with the legal advice on the Withdrawal Agreement. Clearly it is thought that the British people and their MPS are so thick that they need protection from the facts. Jacques Arnold
West Malling, Kent
SIR – Now that the Bank of England has published its worst-case scenario forecast for Brexit, could it be fair and publish a best-case scenario too? We can assume that the likely outcome will be somewhere between the two. Allan Sims
West Chiltington, West Sussex
SIR – When are we going to see some worst-case scenario predictions for the EU’S federal direction of travel? Richard Martin
Mawnan Smith, Cornwall
SIR – A key role of the Bank of England is to maintain stability.
Mark Carney now seems ill-suited to be Governor, given his public statements and his failure to ensure that Britain is ready for a no-deal scenario, almost 30 months after the vote to leave. A similar accusation can be made against the Chancellor.
D J B Shearer
Glasgow
SIR – If the outcomes of Mr Carney’s previous predictions are anything to go by, we should not pay much attention to “project hysteria”. However, can someone explain why we never hear how businesses in the EU feel about Brexit? They export to us as well, so surely they are as concerned about a deal as we are.
The scaremongering is one-sided. We should just leave – and see how quickly the EU signs up to deals in order to preserve the status quo. David Hartridge
Leicester
SIR – The Brexit analysis provided by the Bank of England was requested by Parliament. That analysis outlined possible economic scenarios (not forecasts) based on different Brexit outcomes; and, in completing it, the Bank would have been negligent if it had omitted to touch on the worstcase scenario that could possibly arise from a disorderly Brexit.
For Jacob Rees-mogg to label this analysis as “project hysteria” is unhelpful. For him to call the Governor “a failed second-rate Canadian politician” is downright rude and reminds me of a spoilt child who has not got his own way. Norman Macfarlane
Kingston upon Thames, Surrey
SIR – Peter Burroughs (Letters, November 29) writes of how quickly his local Conservative Association responded to his letter of resignation from the party.
I wrote to my MP, Kemi Badenoch, after the Chequers debacle, and last week also to my local Conservative office, telling them both that after 60 years of voting Tory I would not be doing so again. I have not had the courtesy of a reply from either. Martin Henry
Chelmsford, Essex
SIR – So worn out do I feel by Brexit that I almost welcome the suggestion of Noel Edmonds’s physique (report, November 29) as an alternative topic of conversation.
Almost, but not quite. James Dixon
Stanningfield, Suffolk