Carney Sees Significant Chance of Inflationary No-Deal Brexit

There’s a “significant possibility” of a no-deal Brexit that will leave Britons paying more for food and petrol, according to Bank of England Governor Mark Carney.

Speaking in a BBC Radio interview Friday, Carney said that while the BOE will do everything it can to support the economy if the U.K. leaves the European Union without a deal, such an outcome will be inflationary. While a probable drop in the pound would help the economy adjust, that would drive up prices in supermarkets and petrol stations, he said.