UK central bank has warned that Britain faces weakest growth since the financial crisis, as it leaves borrowing costs unchangedLatest: No-deal raises risk of “negative quarters” of growthCarney: No sympathy with Donald Tusk’s ‘hell’ commentMark Carney is holding a press conference nowGloomy Bank of England leaves rates on hold2019 growth forecast slashed to just 1.2%, from 1.7% 1.45pm GMT I think we can all sympathise with Mark Carney’s disrupted sleep….Asked at a presser if he wakes up each morning regretting that he’s the @bankofengland governor in the age of Brexit, @markcarney1 replies: “I don’t wake up in the morning any more … I wake up in the middle of the night.” @Brexit 1.40pm GMT Q: Isn’t there a danger that Brexit uncertainty will persist for longer than you expect, hurting the economy, especially as you think it will take four years to agree a UK-EU trade deal?Some uncertainty will linger around, yes, Mark Carney replies. But it would be “substantially less” if the UK leaves with a withdrawal agreement. Continue reading…
Via: Bank of England governor warns no-deal Brexit could cause recession – business live
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PIERS MORGAN: A phone call I received from a fired-up Trump should be a warning to Democrats
President Trump called me for a chat on Saturday. It was our first conversation since he unfollowed me on Twitter in April after I wrote a Mail column telling him to ‘Shut the f*ck up Read more…