BoE's Carney says UK businesses unprepared for no-deal Brexit
Reuters
Published Jan 24, 2019 10:48
BoE's Carney says UK businesses unprepared for no-deal Brexit
DAVOS, Switzerland (Reuters) - Bank of England Governor Mark Carney said on Thursday that many British businesses still face problems that have yet to be solved if Britain leaves the European Union without an agreement to smooth its transition.
"There are a series of logistical issues that need to be solved, and it's quite transparent that in many cases they're not," Carney said at a panel discussion at the World Economic Forum in Davos.
Carney repeated that the BoE had room to react to a hard Brexit, adding that policy could move in either direction in such a scenario.
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Written By: Reuters
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