Mark Carney's warnings of economic shock and a sterling slide should be taken with a 'massive pinch of salt', Brexiteers said CREDIT: CHRIS J RATCLIFFE/POOL VIA REUTERS
The Governor of the Bank of England said leaving without a deal would bring an “instantaneous shock” to the British economy and could sink the pound to a 34-year low. As the Government “turbocharged” its no-deal preparations, the Bank warned the UK had a one in three chance of the economy shrinking – even if the UK leaves with a deal.
Iain Duncan Smith, the former Tory leader, said the comments should be taken with a “massive pinch of salt”.
Mark Francois, the vice chairman of the Brexiteer European Research Group, said: “The situation...
https://www.telegraph.co.uk/politics/2019/08/01/mark-carney-accused-reviving-project-fear-no-deal-brexit-shock/
