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

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)