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Bank of England governor warns of instant impact from no-deal Brexit

Mark Carney says people in Britain could pay more for items such as food and petrol if no deal.

There is a “significant possibility” of a no-deal Brexit that will leave people in Britain paying more for food and petrol, according to Bank of England governor Mark Carney.

  • The Irish Times

In a BBC Radio interview on Friday, Mr Carney said that while the Bank of England would do everything it could to support the economy if the UK leaves the EU without a deal, such an outcome would be inflationary.

While a probable drop in the pound would help the economy adjust, that would drive up prices in supermarkets and…

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