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Carney Says BOE Ready for the Worst in Brexit Recession Warning

  • Central bank says economy could shrink by 8 percent in a year
  • Disorderly Brexit would also see house prices fall sharply
Bloomberg business news
Bank of England Governor Mark Carney says the country isn’t ready for a "cliff-edge" Brexit.Source: Bloomberg)
Updated on

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Mark Carney said the Bank of England is prepared for the worst possible Brexit and that the U.K. faces the steepest economic slump since at least World War II if it crashes out of the European Union without a deal.