||Now governor of the Bank of England Mark Carney has warned an Odile brexit could cause as much damage to the country as the financial crash of 2008 that's as the High Court rules that the Electoral Commission got brexit law wrong on vote leaves campaign spending some words from Mark Carney he claims the house prices and the economy will crash in the event of a No Deal but he's a remainder he would say that wouldn't well we have to admit that these figures are based on tests which the Bank of England did actually last year as Charlier mentioned the November stress test.
They were which was a an exercise in economic modeling which is what the Bank of England is therefore to do so he's not saying that would happen but he's saying that could happen and therefore it is serving as a warning against hard brexit and i think we have to admit that it's not just mark BandarQ carney would like to avoid a hard breaks it it's to resume and the government as well let's also look at this week's technical notice notices from the government it mean aren't they more scare mongering I mean look at some of the the words they said it's a case of roaming fees would go up as well your driving licenses could be invalid that we wouldn't have any asteroid warnings as well but I mean we didn't ever debris have some cooperation of this well in principle.
We would but the problem is if you dismantle overnight all of the arrangements that have been put in place over the last 40 odd years with nothing to replace them then everything one by one will have to be renegotiated and put back in place now the phone companies for example have said or some of them have said no they won't reintroduce roaming charges that we will see if that does happen or not and similarly there will be an attempts to make if we have brigs it it as painless as possible but a no deal is very worrying indeed because there just has been no precedent for this and we could end up in a very difficult situation indeed well looking at the cost of the original referendum it was 75 million pounds I mean we can't have another one can we well.
I think it would be a false economy to say we can't afford another referendum if that is what actually increasing the British public wants as we remember in the referendum two years ago was a very narrow majority to leave and since then a lot of people have been asking questions about actually what does Briggs it mean interesting the day after the referendum the biggest Google searches what is the EU showing that the British public largely had no idea what it was all about and think there are growing numbers of people arguing but look now we do have Domino QQ a great variety of what it's all about and we need to understand some of the dangers of how it begs it surely there should be a so-called people's vote so the people can say do we accept the deal that is agreed if one is agreed between the British government our 27 EU partners or should we stay well in the light also of the the Electoral Commission of what we were heard from there.
I mean how do we know that in your so called the people's vote I mean everything would then be fair and aboveboard as well well I think the Electoral Commission has certainly got some egg on its face after the report that's come out today and that's very unfortunate because it does try to get all these things right and I can understand why both leave and remain are not very happy about this situation but we shouldn't there again that under undervalue the chance that would be there for a proper vote but make sure this time that the spending was policed properly one of the real difficulties last time was there was so many leave organizations it wasn't one campaign and therefore that enable them to overspend and we have to avoid that if there is going to be another vote but it has to be done soon because we're due to leave on March 29th next year