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In a scathing attack on Liz Truss and her economic vision, former Bank of England governor Mark Carney accused the former PM of turning Britain into “Argentina on the Channel”. / Carney also suggested that Brexiteers, whom the former Conservative leader claimed to champion during her short tenure as PM, had a “basic misunderstanding of what drives economies”.
From NHS staff shortages to export woes, the effects of the 2016 vote are still being felt.
Former Bank of England head blames Brexit for UK inflation
Mark Carney says there is ‘no joy’ in laying this out as ‘people are having to live with that reality’.
Brexit reduces the UK’s overall output by 4% compared to if the country had remained in the EU, an expert has said.
Keir Starmer’s plans to bring the UK closer to the EU could solve Labour’s Brexit conundrum.
The problems have been "amplified" by Brexit, the former Bank of England governor said.
Britain has been an object of international derision in recent months. / Britain, said some outside observers, had turned into an emerging market — even a banana republic. But why has a country, traditionally renowned for its stability, been engulfed by such turmoil? / Brexit is the reason, according to critics of Britain’s departure from the European Union.
GIVEN the ruling Conservatives’ seeming penchant for pulling the wool over the electorate’s eyes on Brexit, it was heartening last week to hear Mark Carney deliver some home truths.
Former Bank of England governor, Mark Carney said that the fall in the pound and shrinking economy after the UK left the European Union, Brexit, had added to “inflationary pressure”.
Mark Carney, who ran the central bank until March 2020, said the UK’s decision to leave the EU had devalued the pound which put upward pressure on inflation.
Brexit has added to the UK's economic woes by lowering the value of the pound and contributing to price rises, an ex-Bank of England governor has said.
Six years after the UK voted to leave the EU, and two years since we officially left the trading bloc, Brexit has reared its head yet again this week.
Former Bank of England governor Mark Carney has doubled down on his claims Brexit has taken a toll on the pound and sparked higher inflation.
Current financial woes ‘bear out warnings of Remain side in EU referendum’.
The new Prime Minister was decisively on the side of those who claimed that the country would have a better future outside the EU.
Only the reversal of Brexit can start to fix the state three prime ministers have left the country in.
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%.”
Yes, that headline is correct. The UK’s trade performance this year fell to its worst level since records began in 1955. And the cause, according to analysts and a headline article in the FT today – Brexit.
Official figures corroborate academic studies showing sharp drop in exports since Brexit.
The economic fallout from leaving the EU is becoming all too apparent.
'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'
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.
Croatia’s prime minister, Andrej Plenković, hinted at move to ensure level playing field.