The Papers: Carney’s Brexit economy warnings dominate

Image caption Official economic warnings on the impact of Brexit are the focus for the front pages. The Guardian says Theresa May’s campaign to sell her deal to the country ran into further difficulties after the Bank of England and Treasury concluded the UK would be better off staying in the EU.
Image caption The i focuses on the Bank of England’s warning that a no-deal Brexit could herald the worst economic slump since World War Two. It notes that Brexit supporters have accused the Bank of reviving “Project Fear”.
Image caption The Times says the Bank of England and Treasury assessments will be seized upon by Mrs May in her attempt to persuade MPs to back her Brexit plan. But is says there seemed little sign the PM had begun to win over her critics.
Image caption However, the Daily Mail says the prime minister’s Brexit plan has won “crucial support” from Leader of the House of Commons Andrea Leadsom. The senior cabinet Eurosceptic delivered a huge boost to Theresa May with her backing, says the paper.
Image caption The Daily Telegraph’s headline describes Bank of England governor Mark Carney’s grim warning on the economic impact of a no-deal Brexit as “project hysteria”. The phrase comes from comments made by leading Brexiteer Jacob Rees-Mogg.
Image caption The Daily Express also calls the Bank of England warning “project hysteria” – saying Mark Carney faced a furious backlash over his dire warnings. It says critics accused him of meddling in politics.
Image caption For the Sun, the Bank of England governor’s warnings amounted to “carnage”. It lists his warnings that house prices could crash 30% and the value of sterling against the dollar could plunge.
Image caption The Daily Mirror opts to highlight the Treasury warning that Theresa May’s Brexit deal would leave the UK economy £100bn worse off over the next 15 years. It quotes Labour MP David Lammy’s assertion that “Tory Brexit chaos” will “make everyone poorer”.
Image caption The Financial Times says the bleak economic scenarios were compounded by gathering political clouds – with the chancellor conceding that Mrs May’s Brexit deal could be defeated in Parliament and other options might have to be considered.
Image caption An attack on a 15-year-old Syrian refugee boy at a school in Huddersfield is the lead story for the Metro. The paper carries the headline: “From hell of Syrian war to hell here”. Police say a boy, 16, is to be charged.
Image caption The Daily Star rails against an apparent trend of putting up unicorns, dolphins and mythical beasts in place of traditional Christmas decorations.

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