UK Brexit deal will be ‘calamitous’

Dear Sir,

The credit ratings agency Moody's recent decision to downgrade the UK's rating again, from AA1 to AA2, after depriving it of its AAA rating following the Brexit vote, is further evidence, if it is needed, of the calamitous effect on our economy of leaving the EU.

We still have no idea of the terms of our Brexit deal with the EU and despite Theresa May's warm words, the fi nancial markets, businesses and economic experts all predict that this will be worse than anyone anticipated last June.

It is all very well for the Government to say that it is a price worth paying for our independence but what about those relying on benefi ts, pensions and savings for their livelihood? With a transitional deal becoming more likely, the effects will take longer to become apparent though apparent they will be in due course.

What can be wrong with the British people taking a fresh look at the exit deal when it is announced and deciding then by referendum whether they would prefer to remain in the EU?

Doing otherwise will result in suspicion, blame and guilt that they have made a wrong decision based on faulty information that will harm their children for decades to come.

Yours faithfully,

(DR) PETER HIRST

Middlewich.