The Economic and Social Research Institute has said the Government should consider a supplementary Budget in the New Year to respond to Brexit.In its latest Quarterly Economic Commentary, the think-tank warns that a no-deal Brexit may be worse than thought. It could push the economy into recession.
The Committee will also formally ask the Minister to clarify if the Rainy Day Fund can be used in the case of a hard-Brexit. It also blames this partly on Brexit but also on prices in some parts of the country reaching the limits of affordability.
The banking crisis of 2008 springs to mind !! They must have fixed their Crystal ball .
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