BoE forced to reveal latest analysis of no-deal Brexit
Carney writes that preparations have helped reduce likely impact of “worst-case” no-deal
The Bank of England has been forced to reveal its updated analysis of the likely “worst-case” impact of a no-deal Brexit on the UK economy.
In a letter to the Treasury Committee, governor Mark Carney said the BoE’s best guess is that the worst no-deal scenario “would now be less severe” than its economists envisaged in analysis published in November 2018.
The BoE has sought to avoid becoming embroiled in the politics of Brexit where possible, but in both the current case and in November it was
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