No-deal Brexit is considerable risk to UK economy - BoE's Carney

No-deal Brexit is considerable risk to UK economy - BoE's Carney
FILE PHOTO: Bank of England Governor Mark Carney listens to a journalist's question during an Inflation Report Press Conference at the Bank of England in the City of London, Britain May 2, 2019. Matt Dunham/Pool via REUTERS -
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POOL New(Reuters)
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LONDON (Reuters) – Bank of England Governor Mark Carney said a no-deal Brexit was a considerable risk to Britain’s economy and it would be better to have a transition period that allows the country to adjust to being outside the European Union.

“It is a considerable risk in the event of no deal,” Carney told The Economist in an interview which was broadcast on the magazine’s website on Friday. “(In) a major change it’s always better to have a period of transition.”

(Writing by William Schomberg; Editing by Andy Bruce)

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