No-deal Brexit could hit UK harder than global financial crisis, BoE says

brexit stress

The UK’s economy could be worse off than it was following the financial crisis, should the country leave the European Union without an agreement, the Bank of England says.  

Governor Mark Carney warned businesses are unready for a no-deal Brexit. The BoE says that the UK government is unlikely to be ready to adopt new customs arrangements by March 2019.

The BoE published its most comprehensive report on the UK’s exit from the European Union on November 28, analysing three scenarios. The report

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