I'm not sure if this has been mentioned, but this is base case, not worst case.
It's also not comprehensive. It's a very shortened version.
A critical item for example will be the drop in the pound. It will significantly devalue and likely for years rather than months.
A devaluation of rhe pound means everything we buy from overseas becomes that much more expensive.
The Bank of England has said the pound will devalue, and likely to at least the level of the dollar, which is a 20-25 percent decrease.
So for example if it devalues by 25 percent. Then everything becomes 25 percent more expensive to us. The document specifically doesn't address that. I assume because of the fear it would cause. You then need to add in the average cost of good increase of 5 percent due to new tarrifs.
Which means on average we are looking at a cost of living increase in the region of 30 percent. Many families don't have thirty percent more to spend. They simply don't. Hence why lower income families will be disproportionately impacted.
My personal opinion is no deal won't happen. Because Boris wants to stay in power as do the tories. And it's one thing to make no deal happen. It's a whole other ball game to then be in power a month or two later when the public realise how bad it is.
The government, needs to quell panic. Which I understand only if they know it will never happen.
There is a negotiating game being played. But sadly so many leavers look at that document and say "it will all be fine. It's just short term disruption". When it becomes apparent what has occurred, then it's likely those same people will get very angry indeed.
So for me personally is I think this is just a game of negotiation. I don't think boris's intent is to come out with no deal.
Because if he does, he and every minister who supported him will not just be out of a job, but they will ultimately need significant police protection to maintain their security and for a long time afterwards due to the anger that sadly many people may have.
Desperate people do desperate things. So I don't think he will do it simply because of what will occur in the aftermath.
He'd have to be insane.