BOE warns of Brexit recession

[BlasterBates]

Brexit vote may spark recession, Mark Carney warns - BBC News

...an interesting snippet for the Brexit debate

[LondonManc]

Mark Carney, the Bank's governor, warned that the risks of leaving "could possibly include a technical recession".

"could possibly" - clear evidence then.

From Osbourne:

Chancellor George Osborne said the UK now had a "clear and unequivocal warning" from the MPC as well as the Governor of the Bank of England about the risks of a Leave vote.

"The Bank is saying that it would face a trade-off between stabilising inflation on one hand and stabilising output and employment on the other," he said.

"So either families would face lower incomes because inflation would be higher, or the economy would be weaker with a hit to jobs and livelihoods. This is a lose-lose situation for Britain. Either way, we'd be poorer."

Lower incomes because inflation would be higher eh? Never had my wages cut in line with inflation, but I have had them increased in line with inflation. Way to go George!!

There is absolutely nothing to say we'll lose jobs, apart from sasguru's potential contracts here and there. Unemployment in Europe is 10% - is that a trend that we want to see coming over here as we get closer to our Eurochums?

[VectraMan]

"could possibly" - clear evidence then.

I like the way the Outies dismiss the economic predictions of The Governor of the Bank of England and The Chancellor of the Exchequer, yet take the wish list of the Justice Secretary and ex-Mayor of London as a dead cert.

Kind of like taking your fishmonger's advice over your doctor's on what to do about that lump.

[diseasex]

I like the way the Outies dismiss the economic predictions of The Governor of the Bank of England and The Chancellor of the Exchequer, yet take the wish list of the Justice Secretary and ex-Mayor of London as a dead cert.

Kind of like taking your fishmonger's advice over your doctor's on what to do about that lump.

I propose new business when brexit happens. Eexit from UK banners

[AtW]

I like the way the Outies dismiss the economic predictions of The Governor of the Bank of England and The Chancellor of the Exchequer, yet take the wish list of the Justice Secretary and ex-Mayor of London as a dead cert.

[LondonManc]

I like the way the Outies dismiss the economic predictions of The Governor of the Bank of England and The Chancellor of the Exchequer, yet take the wish list of the Justice Secretary and ex-Mayor of London as a dead cert.

Kind of like taking your fishmonger's advice over your doctor's on what to do about that lump.

Who's dismissing it?
I'm saying there's absolutely no substance on either side of the debate.
Could lose out, could do better, may be a depression. None of them know for certain and they're all backing their own horses.

[LondonManc]

You do realise that you're backing Gideon, don't you?

[TestMangler]

Oh goody. An EU Referendum thread. I was hoping someone would start one.

[AtW]

You do realise that you're backing Gideon, don't you?

Yes.

Unfortunately given choice between Gidiot and Gove/Boris, I'd have to go with Gidiot.

[jamesbrown]

He's stating the bleeding obvious (given the rhetoric from Hamface/Gidiot, it's a self-fulfilling prophecy). It's also bleeding obvious, to all but the most blinkered of Bremainers, that this isn't a vote for the next 6 months. It's a vote for the next 6 decades. On that, the Bremainers prefer to suspend their disbelief and cling to Gidiot's gravity model and it's dodgy inputs, which is fine