Sir, – Seamus White (January 5th) is quite right to point out that it is premature for Brexiteers to be complacent about the dangers of Brexit because it hasn't happened yet.
Indeed, to underline the point, it is worth referring to no less an authority than the Bank of England, which recently forecast that, based on responses from 400 banks and financial firms, 10,000 jobs could leave the City of London on “day one” after the UK leaves the EU. The Bank of England was also of the view that the loss of 75,000 jobs losses in the long term was “plausible”. I would have thought that such pronouncements should at lease pose some cause for concern. – Yours, etc,
MARTIN McDONALD,
Terenure,
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Dublin 12.