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Carney says risk of no-deal Brexit now ‘alarmingly high’

Carney says risk of no-deal Brexit now ‘alarmingly high’

Business
By James Sillars, business reporter Mark Carney has told Sky News the risk of a no-deal Brexit is now "alarmingly high", branding suggestions such a scenario could be managed as "absolute nonsense".In an exclusive interview with Sky News, the governor of the Bank of England defended its gloomy forecasts for what a cliff-edge Brexit would mean and denied they amounted to scaremongering. He said the Bank's thinking on the issue - which included predictions of an economic shock - had been demanded by a committee of MPs and involved the work of hundreds of staff, including its economists.He told Sky's Samantha Washington that a shock continued to be his view, despite "real progress" in preparations by businesses, government agencies and the Bank itself.Comme...