The British economy is not ready for a brexit without agreement

The governor of the Bank of England assured this by adding that "the nebulose causes short-term volatility in economic statistics"

The governor of the Bank of England, Mark Carney, indicated that “although many companies intensify their preparations, the British economy as a whole is not yet ready for an exit without agreement and without transition”.

The Bank of England announced on Thursday that a reduction in economic growth is expected for this 2019.

Currently the negotiations between London and Brussels on how to carry out Brexit are blocked.

The United Kingdom could have an exit without a transition agreement on March 29th if the situation is extended, something much feared by financial means.

“The brexit nebulose causes short-term volatility in economic statistics and, above all, creates a series of tensions in the economy and for companies”, said the BoE official.

K. Tovar

Source: BancayNegocios

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