By Benjamin Mueller and Palko Karasz.NYT. March 23, 2019
Wednesday 27 March 2019, by Carlos San Juan
Hundreds of thousands of protesters marched through London on Saturday afternoon in a last-ditch, long-shot effort to reverse Britain’s looming split from the European Union, calling on lawmakers to heed the enormous anger among pro-Europeans and break the political stalemate by holding a second referendum.
The protesters, some of whom traveled for hours on buses and trains, set off from Hyde Park holding placards that nodded at their European roots — “50 percent French, 50 percent British, 100 percent European,” one boy’s sign read — and employed a bit of British understatement — “Brexit really not going well, is it?” read another.
The crowd — organizers estimated a million people turned out, though there was no way to independently confirm it — clogged vast stretches of central London, with thousands of people still waiting to begin marching by the time those at the front of the rally were filling Parliament Square.
In the government’s worst-case scenario of leaving the bloc with no deal, Britain’s economy would lose 9.3 percent of the gross domestic product it could otherwise have expected.
And that seemed relatively tame compared with a report from the Bank of England also released on Wednesday. In the event of Britain crashing out of the European Union without a deal, the bank’s analysts said, the economy would shrink by 8 percent in a year, house prices would sink 30 percent and the pound would drop to $1.10 from the current $1.27. See full article: All Brexit Deals Worse for Economy Than Staying, U.K.