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Carney Backs May's Brexit Plan With Case for Longer Transition

  • BOE governor makes first comments since EU deal revealed
  • Current transition gives ‘very limited window’ for trade deal
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Carney explains how the BOE weighs Brexit’s possible impact on the economy, monetary policy and financial stability.Bloomberg
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Mark Carney gave his seal of approval to the transition deal agreed by Prime Minister Theresa May with the European Union, and signaled that he would welcome even longer for the U.K to adjust.

In his first public comments on the government’s draft agreement, the Bank of England governor united with other central bank officials to warn of the dangers of leaving the European Union without a smooth exit.