I thought it was a bit political: Carney also revealed the Bank of England recently ran a Brexit no deal exercise that saw property prices plummet by a third, interest rates go up to 4%, unemployment up to 9%, and a full blown recession The Governor also refuses to say the 21 month transition period will be long enough to adjust the economy for Brexit, "we’ll take the two years. We’ll make it enough". In view of the predictions he was making before the referendum, which failed to come true, I thought he might have learned to keep quiet.
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