No-deal Brexit would have big economic consequences – Carney

Bank of England governor warns of interest rate cuts if UK crashes out of EUMark Carney has warned that Britain would face “big economic consequences” and could need emergency interest rate cuts if the country crashes out the European Union without a deal. Issuing the latest warning for Theresa May amid mounting division over her Brexit plans as Britain’s withdrawal ticks ever closer, the governor of the Bank of England said failure to reach any deal with Brussels would leave t