Bank of England governor Mark Carney warns Brexit vote could trigger another British recession
QUITTING the EU could plunge Britain back into recession, according to Bank of England governor Mark Carney.
Carney said going it alone could cause unemployment to rise, causing higher inflation and triggering a fall in the value of the pound.
His comments are the most dramatic intervention yet by the governor in the Brexit debate .
The Canadian, whose role is supposed to be non-political, said yesterday the Bank would “use all our tools” to support the economy after the referendum.
But he cautioned it was unable to “offset all the effects” of a Brexit vote.
READ MORE: Gordon Brown warns... read more
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