"So no-deal would happen by accident, it would happen suddenly, there would be no transition - it is an accidental disorderly Brexit."
The governor added that while bank balance sheets were strong, that did not mean financial markets would take no-deal in their stride and he re-iterated warnings that business needed a transition period to adjust. He pointed to business survey findings which predicted falls of three percentage points in both GDP and employment - with investment and exports tumbling by an even faster pace.
Just can’t believe the obstinate fools that turn a deaf ear to the warnings of this man. Their inability to admit and realise that they are wrong, stands in the way of paying heed to expert opinion.
And thank you for the whole mess, Mr Carney
Good news
lexhoogduin What a true visionair this man. Under which stone has he been sleeping? May was never going to be given a fair chance.
LiveSquawk How can it be? HOC just keep pushing date back until everyone just gives up.
We do not put much stock in you any more stop teasing us
German Institute Cuts GDP Growth Forecast In Half To 0.8%
Good!
The king of doom and gloom.
Sorry Mark, we only listen to specialists and those in the 'know'.
Awesome
Brexit BrexitBetrayal StandUp4Brexit brexitwto wtobrexit WTOBrexitNOW WTOBrexit12thApril FBPE
AlertTrade Are the unreliable boyfriend speaks again & it’s all bad news again
No Deal = HOORAY!!
I’m not worried. I voted to leave without a Deal.
Bullshite! Same old nonsense! Negative headlines yet again by sky murdoch news!
How can you believe the BOE when every prediction of doom has been wrong , They must be working for the remainers .
Please let it happen. 🇬🇧🇬🇧🇬🇧
'Risk'?
If you haven't been ready for it carney you sad man. You should resign.
Mark Bilderberg Carney I bet it’s all doom and gloom AGAIN like the last load of Bullshit that he came out with that they had to apologise for. Earn your side Money Carney spread the Catastrophe bull. Mervin King the last Bank of England Boss says opposite.
Best news heard for ages
Never going to happen. Once again this country will appease the minority.
Oh but bankofengland Trying to avoid WTO tariffs for a far higher membership fee is worse Misselling than PPI, UK can compensate business still have BILLIONS change. 😏
How on earth do you expect to end poverty in UK unless u introduce import tariffs under WTO + curb our import addiction + 80 billion trade deficit. Use proceeds to reduce poverty and incentivise ( not subsidise ) our wonderful exporting industries. ' Export or Die ' Harold Wilson
I fear what is alarmingly high is the potential of rioting should we experience much more of Mrs May's deceit
Er hello it’s what the public want
ChickenLittleCarney says the sky is falling again!
Good. Now lets get on with it.
Why is it these ERG idiots are still pushing for a no deal when everyone outside of parliament are telling them it would be a total disaster for the British economy
‘Risk’? That should read satisfaction of abiding by a democratic vote ‘reassuringly high’
Time to wheel out the failed Canadian head of project fear the fool strikes again
They also said our economy would collapse if we didn’t join the Euro...
Bank of England this time for once i hope your right. Been dreadfully wrong every other time . Try not to listen to the establishment. I thought canadians had a modicum of sense. Still i could be wrong. Catching the habit from you.
U not wrong mark
Last week he said it would be a good thing. How much has Hammond bribed him to prophesise more doom and gloom?
It is not a risk - it is what was voted for
Why is it alarming? The Bank have been preparing for it have they not?
Let’s save the MPs winging some more “But No-Deal is off the table, we’ve said so”
Credibility of this Governor is a problem.. he can’t even forecast his way out of a paper bag lol
Not that Stockmarket is alarmed
THE SAME PRAT THAT SAID THE ECONOMY WOULD CRASH IF WE VOTED TO LEAVE, WHEN'S THE GOVERNOR GIVING THE PEOPLE THEIR MONEY BACK?
Lots of Daily mail economists in three comments.
Let’s hope so...
Good I’d rather have no deal than a bad deal.