Carney warns on 'disorderly Brexit' impact

'Critical' stage in negotiations

Bank of England (BoE) governor Mark Carney has warned economists about the dangers of a "disorderly Brexit", arguing negotiations had entered the critical phase.

Speaking at an event in London, Carney said the BoE would be forced to once again provide the UK economy with more stimulus and put monetary policy on a different path if the Brexit transition was not "smooth". At the latest Monetary Policy Committee earlier this month, the BoE held rates at 0.5% on the back of weaker-than-expected economic data, which the governor added was not entirely due to the "Beast from the East". On Thursday, the European Union told the government it was "chasing a fantasy" following a threat from the UK that it would seek to recover more than €1bn of contribu...