Bank of England warns businesses are unprepared for no-deal Brexit

Economy & Politics | Latest News
Mark Carney

© Policy Exchange

Most British businesses are unprepared for a no-deal Brexit, according to the governor of the Bank of England, Mark Carney.

A big proponent of a transition period, Carney was speaking after he released analysis suggesting that failure to agree a deal next March, would see the UK slip into a recession worse than the 2008 financial crisis.

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