The contraction was the first since 2012 and comes ahead of the UK's planned exit from the European Union. Chancellor of the Exchequer Sajid Javid promised the "fundamentals of the British economy are strong."

Brexit uncertainties are becoming "more entrenched" and increasingly weighing on the British economy less than three months before the country is scheduled to leave the European Union, the Bank of England said Thursday.

‘The challenge is, particularly in food, it’s perishable, so you can’t stockpile today for demand in November,’ Carney says. / A no-deal Brexit could cause food shortages, Mark Carney has suggested, adding that job losses and business closures are also likely.

A no-deal Brexit would deliver an “instantaneous shock” to the British economy and could tip the UK into a recession, the Bank of England governor Mark Carney has warned.

The Bank of England governor also hit back at suggestions he is peddling 'Project Fear'.

Bank of England boss Mark Carney has warned that a “notable” increase in no-deal Brexit fears and ongoing uncertainty is damaging Britain’s economy.

Trade minister rejected Boris Johnson’s claim exporters would be spared tariffs after no deal

What are the Brexit proposals put forward - and why will they probably be rejected?

As the Conservative Party in the UK enters the final phase of its leadership race, the contenders were encouraged by European leaders to be realistic about what they could expect to achieve on Brexit when they enter No. 10 Downing Street.

Either Boris Johnson is trying to bamboozle the public with jargon or he just doesn’t get the basics of how global trade works. Both are bad omens for the man who is likely to be our next prime minister and tasked with navigating a way through the Brexit mess.

The Bank of England governor, Mark Carney, has said that the UK would be hit automatically by tariffs on exports to the EU in a no-deal Brexit, rejecting a claim made by Boris Johnson that this could be avoided.

Mark Carney debunks the counterfactual claim made by leading Brexiters, including Boris Johnson, that Art. 24 of GATT allows for continued free trade with the EU after a no deal exit.

"Forget the fiction... it's absolute nonsense. It needs to be called out."

The price of food is at risk of rising between 5–10% if there is a disorderly Brexit, warned Bank of England governor Mark Carney.

Food prices could rise between 5% and 10% if there is a disorderly Brexit, the Bank of England governor, Mark Carney, has warned.

The Governor of the Bank of England, Mark Carney, has warned that financial markets are likely to be volatile in the wake of Parliament’s rejection of Theresa May’s Brexit plans.

Mark Carney sets 14 July deadline to see plans, saying firms must prepare for ‘all eventualities’ as he calls on politicians not to cut City adrift from Europe