‘As catastrophic as the financial crisis’: Here’s what Mark Carney warned politicians will happen to the UK economy after a no deal Brexit
|09/14/2018||Posted by BusinessMediaguide.Com under General World News||
- 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 >>>