Central Bank warns up to 50,000 jobs may not be created if disorderly Brexit happens

50,000 fewer jobs will be created here over the next two years if Britain leaves the EU without a deal.

That’s the warning from the Central Bank, which says a no-deal Brexit will have an “immediate and adverse effect” on economic growth and employment.

It’s forecasting growth of 4.2 per cent this year if a deal is reached, but that drops to just 1 per cent if there’s a disorderly Brexit.

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The Central Bank says food and agriculture will be the sectors worst affected.

Its Director of Economics and Statistics, Mark Cassidy, says a no deal Brexit would affect job creation for the next decade: