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
Bank of England Governor Mark Carney warns of further market volatility due to no-deal fears
16/01/2019
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.
Bank forecasts worst year for UK since 2009
07/02/2019
The Bank of England expects growth this year to be the slowest since 2009 when the economy was in recession.
Cuts to VAT and corporation tax said to be part of 'Project After' proposals.
BoE economist warns no-deal Brexit would likely lead to interest rate cut. / Brexit has already cost the UK economy £40bn per year – or £800m per week – in the period since the EU referendum in 2016, according to Bank of England economist Jan Vlieghe.
Food prices could rise 10%, says Mark Carney
04/12/2018
Food prices could rise between 5% and 10% if there is a disorderly Brexit, the Bank of England governor, Mark Carney, has warned.
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.
Ben Broadbent says projects postponed amid political uncertainty will be cancelled.
FT economics editor Chris Giles explains the assumptions behind post-Brexit scenarios from the UK government and Bank of England suggesting citizens will be thousands of pounds worse off than if the UK had stayed in the EU.
Stability report says about half of EU companies using UK-registered banks face being cut off.
The Bank of England might need to cut interest rates almost to zero after a no-deal Brexit, while repeated Brexit delays could also make a rate cut necessary, senior BoE official Gertjan Vlieghe said on Friday.
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 next, Brexit-induced recession will be most painful for poorer households, who are also those that voted Leave in greatest numbers.
No-deal Brexit could see substantial number of businesses become unprofitable and trigger food shortages, Mark Carney warns
02/08/2019
‘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.
Bank of England cuts UK growth forecast
01/08/2019
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.
Boris Johnson downplaying economic risks for political gain, say bank’s economists in scathing assessment of government’s strategy and its impact
Worst case forecast ‘now less severe’ but Britain could still face soaring unemployment and inflation, says governor.
While large multinationals may be able to ride out the economic turmoil on the horizon, some smaller firms have more to worry about.
Fake news handed Brexiteers the referendum – and now they have no idea what they're doing
18/01/2017
'Would we have won without immigration? No. Would we have won without...the NHS? All our research and the close result strongly suggests no. Would we have won by spending our time talking about trade and the single market? No way'
Andrew Bailey reminds banks of the need to have contingencies in case talks between UK and EU leaders do not result in a deal by 31 December.
Governor tells banks to prepare for risk of UK failing to reach a deal by 2020 deadline
anks should prepare for the possibility of a no-deal in post-Brexit trade talks between Britain and the European Union, the Bank of England said on Wednesday.
The Bank of England indicated Thursday that it could cut interest rates below zero for the first time in its 326-year history as it tries to shore up a U.K. economic recovery that is facing the dual headwinds of the coronavirus and Brexit
Andrew Bailey said failure to agree to deal would cause long-term damage to UK economy
“Well, I think the long-term effects ... would be larger than the long-term effects of COVID.”