Phew, the Bank would deploy common sense on no-deal Brexit

Mark Carney’s ‘worst-case’ scenario document in November was not his finest hour.A no-deal Brexit, in economic terms, would be a trip into the unknown and would very likely involve a severe shock.The idea that it might was a strange notion entertained by Threadneedle Street last November as it sketched various scenarios for the UK’s departure from the European Union.