CARNEY: A 2-year Brexit will have 'consequences'

Britain risks economic and financial "consequences" if it makes a hard break with the European Union at the end of the the two-year negotiation period, Bank of England Governor Mark Carney said.

Carney advocated for a transition deal with the European Union to be put in place once the Article 50 Brexit talks finish, in a question and answer session with MPs on Wednesday.

Carney said a deal would be "highly advisable."

"If there is not such a transition put in place, in our view it will have consequences. We will work to mitigate those...
7 Published By - Business Insider - 2017.01.12. 08:03
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