Civil servants are preparing a 'Doomsday list' of radical tax and tariff cuts amid warnings the economy faces its worst year since the financial crash. The plans, dubbed 'Project After', are being drawn up to minimise the shock of a No Deal Brexit in March. One Whitehall source called the project, marshalled by Cabinet Secretary Mark Sedwill, a 'Doomsday list of economic levers' that the Government could pull to stimulate the economy. As a result, the UK economy is still set to outpace Germany this year, despite an expected slowdown. In a briefing yesterday, Mr Carney warned consumer confidence, business investment and household spending all look weaker than predicted.

Source: Daily Mail February 08, 2019 01:31 UTC