Scaremongering, in my opinion. Use of words like "catastrophic" and maths based on two "ifs" adding up to "Very real"
I take jimblob's point about the 'two ifs'. Actually, if 'if no 1' happens (i.e. there is an overall Tory majority) then 'if no 2' is bound to follow, because the Tories can only win an outright majority if most of their sitting MPs are re-elected, and that includes the ERG crowd.. And with opinion polls at their current levels don't rule it out!
But my use of the word 'catastrophe' is certainly not 'scaremongering', neither is it our old friend 'project fear'. It is the overwhelming consensus of reputable economic forecasts, including from the governments's own Office for Budget Responsibility: Brexit will undoubtedly have a damaging impact on the economy, and a no-deal Brexit will have an even more damaging impact.
This is a good and relatively straightforward summary, from the Institute for Fiscal Studies:
https://www.ifs.org.uk/publications/14421It models four scenarios, in which the best economic outcome is produced by remaining in the EU, followed by leaving with a deal, followed by continued long-term uncertainty, followed, lastly, by leaving without a deal. The three-year projections shown there suggest a 5% (£100 billion) increase in GDP if we remain, compared, at the other extreme, with a 1% (£20 billion) increase if we leave without a deal.
And yet the leaflet which dropped through our letterbox today claimed that if we 'get Brexit done', that means £33.9 billion more for the NHS, 20,000 more police officers, and 'more money for every school' (I'm amused by the coyness of the last one - just 'more money' ;-)
So if Brexit enables the government to splash that amount of cash around, think how much they could splash if we
don't leave!