Bank Governor called on all sides to ensure there was a deal and long transition
Said Britain falling out of the EU without a deal in March would hit the economy
Bank of England has tested the banks to ensure they can cope with house prices plunging by a third, rates spiking to 4% and a recession after a no deal Brexit
Governor spoke out after raising rates to the highest level in a decade yesterday
Brexiteers condemned Mark Carney as 'deeply irresponsible' today after he send the pound down by warning the risk of a no deal Brexit.
The Bank of England Governor's remarks sent the pound below 1.30 against the dollar while sterling was also weaker against the euro.
He warned Britain 'accidentally' leaving the EU without a deal and no transition in March 2019 would be 'highly undesirable' for the economy.
He revealed banks have been 'put through the wringer' to ensure they would cope with house prices plunging by a third, interest rates spiking to 4 per cent and a recession.
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