BoE's Carney warns UK industries could become 'uneconomic' in no-deal Brexit

Mark Carney the Governor of the Bank of England speaks at the bank's quarterly Inflation Report Press Conference in London, Britain August 1, 2019. Chris J Ratcliffe/Pool via REUTERS - Copyright POOL(Reuters)

By Reuters

Published on 02/08/2019 - 10:04•Updated 09/05/2024 - 19:32

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LONDON (Reuters) - Bank of England Governor Mark Carney warned on Friday that some major industries could become unviable if Britain leaves the European Union without striking a deal with the bloc.

"There are some very big industries in this country where that which is highly profitable becomes not profitable, becomes uneconomic," Carney said in an interview with BBC radio.

(Reporting by Andy Bruce; editing by Michael Holden)

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Iranian carpet shop owner Ali Faez works at his shop at the traditional bazaar of the city of Kashan, about 152 miles (245 km) south of the capital Tehran, Iran.

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BoE's Carney warns UK industries could become 'uneconomic' in no-deal Brexit

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