The Yellowhammer report – outlining the impact of a no-deal Brexit – was published earlier this week. Nigel Farage has issued his detailed and informed analysis, calling it “utter tosh”, which will be more than enough to ensure his fans dismiss it out of hand. Is he right, or it a realistic analysis and cautious planning?
Despite the anticipation of its release and the number of words written on it already, there really is nothing new or surprising contained within the report. The government’s previous report, “Implications for Business and Trade of a No Deal Exit on 29 March 2019” was basically the same. And, the dire picture is similar to many previous papers issued by a variety of think tanks and articles published by experts and informed commentators (some of which I wrote about in this previous piece for Reaction).