No-deal Brexit could be as bad as 2008 financial crash, Carney says

Bank governor warns cabinet of high unemployment and sharp house price falls

The governor of the Bank of England has warned the cabinet that the impact of a no-deal Brexit could be as catastrophic as the financial crisis that crippled the UK economy a decade ago.

During a special cabinet meeting on Thursday to discuss preparations for the UK crashing out of the union, Mark Carney told Theresa May and her senior ministers of the potentially dire economic consequences of leaving on poor terms.

Continue reading...
Responses are currently closed, but you can trackback from your own site.

Comments are closed.

Powered by WordPress | Designed by: index backlink | Thanks to insanity workout, car insurance and cyber security