BOE Brexit analysis: Worst case would lead to 8% fall in GDP in short term, 25% fall in GBP

The BOE publishes report on Brexit analysis in its financial stability report

• Worst case sees GBP 25% weaker

• 'Disruptive' case Brexit would lead to 3% fall in GDP in short term and 15% GBP fall

• 'Unprepared' shift to WTO rules would lead to 5.5% fall in GDP

• 'Prepared' move to WTO rules would lead to 2.5% fall in GDP

• 'Close' relationship to EU would boost GDP by 1.75%

• 'Less close' would cut GDP by 0.75%

Financial stability report:

• All 7 banks and building society have passed stress tests

• No banks need to strengthen capital

• Banks could withstand many months of no access to foreign currency market

What a goofy exercise this is. Does anyone believe any of this? It's a charade to get public support for a negotiated Brexit.