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Keir Starmer’s plans to bring the UK closer to the EU could solve Labour’s Brexit conundrum.
Trade minister rejected Boris Johnson’s claim exporters would be spared tariffs after no deal
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."
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.
‘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 collapse of Liz Truss’s authority is the logical conclusion of the anti-EU cult that has wrecked Britain’s economy over the last six years. / When asked about Brexit, Carney managed to sound diplomatic while also lobbing a hand grenade. “Put it this way,” he said. “In 2016 the British economy was 90% the size of Germany’s. Now it is less than 70%.”
The Bank of England governor also hit back at suggestions he is peddling 'Project Fear'.
The new Prime Minister was decisively on the side of those who claimed that the country would have a better future outside the EU.
Mark Carney and other financiers seem to think London can do business as usual without playing by the EU's rules. This is confidence bordering on complacency.
Only the reversal of Brexit can start to fix the state three prime ministers have left the country in.
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."
The problems have been "amplified" by Brexit, the former Bank of England governor said.
Official figures corroborate academic studies showing sharp drop in exports since Brexit.
The economic fallout from leaving the EU is becoming all too apparent.