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Bloomberg
The risk of a no-deal Brexit is now “alarmingly high,†according to Bank of England Governor Mark Carney, who described some claims about how the UK could manage such a situation as
“absolute nonsense.â€
Leaving the European Union without an agreement has become the “default†outcome despite being opposed by Parliament, and could happen by accident, he said in a Sky News interview broadcast.
Sky also reported that Carney said he won’t be staying in the BOE role beyond January 2020. He’s already extended his term twice because of Brexit.
While Britons shouldn’t worry about the financial sector if that does occur, the governor outlined the risks to businesses despite recent progress in contingency planning.