Brexit won’t bother the City – but everyone else should worry | Nils Pratley

The Bank’s careful plans for no deal are in stark contrast to uncertainty facing carmakers, airlines and farmers
Compare and contrast. At the Bank of England, preparations for a no-deal Brexit are proceeding swimmingly. The central bank and its EU counterpart have established a plentiful supply of euros that banks can access via weekly auctions starting almost immediately. No creditworthy financial institution need get hurt unnecessarily.This “prudent and precautionary step”, a