Welcome, not fear, sterling depreciation by way of Brexit

REMAINERS say a "Leave" victory will be apocalyptic. Stay in the European Union after the June 23 referendum, and the outlook will be rosy. Brexiteers claim a positive scenario on leaving.

But nobody sees that the prospects are dire whichever way the vote goes.

The British economy is unbalanced. This inhibits growth. Recession looms in the next two years. The issue is which option - "in" or "out" - is more likely to address unsustainable disequilibrium.