The Daily Telegraph

Brexit supporters must hold their nerve in the face of Project Fear’s sound and fury

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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

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