eshrag
11-29-2018, 08:50 AM
Rolling coverage of the latest economic and financial news, as BoE governor Mark Carney defends his latest Brexit scenarios
Latest: Governor grilled on Radio 4 (https://www.theguardian.com/business/live/2018/nov/29/bank-of-england-mark-carney-no-deal-brexit-pound-stock-markets-business-live?page=with:block-5bff9f1fe4b04e8ca091f2bb#block-5bff9f1fe4b04e8ca091f2bb)
Carney: scenarios aren’t scare stories (https://www.theguardian.com/business/live/2018/nov/29/bank-of-england-mark-carney-no-deal-brexit-pound-stock-markets-business-live?page=with:block-5bffa0cde4b04b34b3e5cfb8#block-5bffa0cde4b04b34b3e5cfb8)
Carney: UK needs a transition deal (https://www.theguardian.com/business/live/2018/nov/29/bank-of-england-mark-carney-no-deal-brexit-pound-stock-markets-business-live?page=with:block-5bffa3efe4b04e8ca091f2dc#block-5bffa3efe4b04e8ca091f2dc)
Earlier:
Bank: No-deal Brexit would create deep economic pain (https://www.theguardian.com/business/live/2018/nov/29/bank-of-england-mark-carney-no-deal-brexit-pound-stock-markets-business-live?page=with:block-5bff910ae4b04b34b3e5cf67#block-5bff910ae4b04b34b3e5cf67)
The papers: It’s Project Hysteria again (https://www.theguardian.com/politics/2018/nov/29/project-hysteria-how-the-papers-covered-mark-carneys-brexit-forecast?CMP=Share_iOSApp_Other)
8.43am GMT
Q: Are you worried that if Brexit goes belly up, people might blame you for sounding so incredibly gloomy and scaring everyone?
No, Mary Carney replies, returning to his key point -- that Britain needs to be ready for Brexit (and it’s not yet)
The issue is preparedness. The thing that people don’t need to worry about is the financial system - it will be there for them.
They can focus on what’s more important.
The financial system is just a servant of the economy, and it’s been far too centre state for far too long.
What happens to this economy, very important decisions are being made by others.
8.37am GMT
Q: What is so good about Theresa May’s Brexit deal?
Mark Carney plays a straight, technocratic bat, saying it’s not up to him to choose between various options:
Continue reading... (https://www.theguardian.com/business/live/2018/nov/29/bank-of-england-mark-carney-no-deal-brexit-pound-stock-markets-business-live)
Latest: Governor grilled on Radio 4 (https://www.theguardian.com/business/live/2018/nov/29/bank-of-england-mark-carney-no-deal-brexit-pound-stock-markets-business-live?page=with:block-5bff9f1fe4b04e8ca091f2bb#block-5bff9f1fe4b04e8ca091f2bb)
Carney: scenarios aren’t scare stories (https://www.theguardian.com/business/live/2018/nov/29/bank-of-england-mark-carney-no-deal-brexit-pound-stock-markets-business-live?page=with:block-5bffa0cde4b04b34b3e5cfb8#block-5bffa0cde4b04b34b3e5cfb8)
Carney: UK needs a transition deal (https://www.theguardian.com/business/live/2018/nov/29/bank-of-england-mark-carney-no-deal-brexit-pound-stock-markets-business-live?page=with:block-5bffa3efe4b04e8ca091f2dc#block-5bffa3efe4b04e8ca091f2dc)
Earlier:
Bank: No-deal Brexit would create deep economic pain (https://www.theguardian.com/business/live/2018/nov/29/bank-of-england-mark-carney-no-deal-brexit-pound-stock-markets-business-live?page=with:block-5bff910ae4b04b34b3e5cf67#block-5bff910ae4b04b34b3e5cf67)
The papers: It’s Project Hysteria again (https://www.theguardian.com/politics/2018/nov/29/project-hysteria-how-the-papers-covered-mark-carneys-brexit-forecast?CMP=Share_iOSApp_Other)
8.43am GMT
Q: Are you worried that if Brexit goes belly up, people might blame you for sounding so incredibly gloomy and scaring everyone?
No, Mary Carney replies, returning to his key point -- that Britain needs to be ready for Brexit (and it’s not yet)
The issue is preparedness. The thing that people don’t need to worry about is the financial system - it will be there for them.
They can focus on what’s more important.
The financial system is just a servant of the economy, and it’s been far too centre state for far too long.
What happens to this economy, very important decisions are being made by others.
8.37am GMT
Q: What is so good about Theresa May’s Brexit deal?
Mark Carney plays a straight, technocratic bat, saying it’s not up to him to choose between various options:
Continue reading... (https://www.theguardian.com/business/live/2018/nov/29/bank-of-england-mark-carney-no-deal-brexit-pound-stock-markets-business-live)