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

    2 monthes ago - By Chron

    REUTERS/Peter Macdiarmid
    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...
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