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‘As catastrophic as the financial crisis’: Here’s what Mark Carney warned politicians will happen to the UK economy after a no deal Brexit





bank of england mark carney

  • Bank of England Governor Mark Carney privately warned the government of the potentially dire economic consequences of a no deal Brexit.
  • Carney reportedly told Prime Minister Theresa May’s cabinet on Thursday that a no deal Brexit outcome “could be as catastrophic as the financial crisis.”
  • Among the consequences of no deal would be a 35% house price crash, and the UK’s rate of unemployment more than doubling.

LONDON — Bank of England Governor Mark Carney has privately warned the UK government that a “no deal” Brexit could bring about a housing market crash and a surge in the UK’s unemployment rate, according to read more >>>

Source:: BusinessInsider.Com

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