Bank Of England warns ’No Deal’ Brexit would lead to chaos

Bank Of England warns ’No Deal’ Brexit would lead to chaos

Bank of England governor Mark Carney has reportedly warned senior government ministers of a severe economic problem in the case of Britain leaving the EU without a deal on future relations. Carney expects a worst-case scenario would involve house prices crashing by as much as 35% over three years. He warned the pound would plunge and there’d be an increase in inflation and interest rates.

Mr. Sir
Mr. Sir 1 year

Listen to the banks. Banks would never lie to you. Would they....?

TheBornOfFire 1 year

operation fear is in full swing I see. EU can get f*cked, articles 11 & 13 left me with no doubts, there's an authoritarian dystopia to be averted here folks.

Anglo Saxon Elle
Anglo Saxon Elle 1 year

this is the same person who said the UK economy would suffer following the 2016 Brexit vote, which didn't happen. Take whatever Carney states with a dose of salt.

Spike 1 year

Only idiots would think the UK would not get deals.

Occam’s lazer
Occam’s lazer 1 year

Just a guess but I’d say staying in the EU is far more disastrous...judging by censorship and regulation of the internet

Randy Souse-Git
Randy Souse-Git 1 year

Listen children... The Brexit lives under your beds and comes out at night to eat all the little ones who believe in sovereignty.

S Richbell
S Richbell 1 year

Rich coming from the bankers considering all the damaged they caused

David Bauman
David Bauman 1 year

Hmmmm Jews saying Eu is good and brexit is bad must be true! #stayineu #nobrexit

Illini Legatus
Illini Legatus 1 year

They have your best interests in mind.

Top in Business
Get the App