Apocalypse now

Bill Jamieson’s article on 7 February (“We face Brexit, not the Apocalypse”) makes many good points about exaggeration, but I do not agree in this case.

Our current account deficit with the rest of the world has been ignored as a result of Brexit and is now over £70 billion per annum. It has been financed in the past by selling our public utilities to Europe and over 2,000 British firms were sold over a decade for around £600bn. We appear to be in a worse state than Greece ever was. Add Brexit and a possible legal spat over money owing to Europe and we are in uncharted waters.

The Economist stopped putting a monetary value on the current account debt recently. I wonder why?

Couldbilljamieson explain what will happen when there are no more assets to sell and we have to borrow foreign money at higher interest rates to cover the debt? We could be facing the inability to repay mortgages and bankrupt local authorities.

Otherwise perhaps we should stay worried.

ANDREW BURNETT Auld Mart Wynd, Milnathort

Why are Remainers so negative about Brexit? Admittedly there may be downsides too numerous to mention, but let’s not forget the opening-up of new possibilities for enterprising people such as increased opportunities for trade in contraband goods and so on. Carpe diem ,Isay! JAMES STEVENSON Drummond Avenue,

Auchterarder