Sterling could fall to its lowest level since 1985 if Britain leaves the EU without a deal, as the Bank of England warned the pound would probably fall, inflation rise and growth tumble if no agreement is reached.
Even with a deal, the economy is not out of danger. Officials slashed forecasts and warned there is a one-in-three chance of the economy recording no growth or even shrinking, as business investment is paralysed and the US-China trade war hits exports.
This means there is a rising risk of recession this year.
The biggest concern being uncertainty. Meaning that whatever it is that we do – sure, we’ve all our own desires here – we need to get it done. And now. Because continuing to shilly around without making up our minds is the very thing causing the economic constipation.