BOE states solid economic growth linked to ‘smooth’ Brexit

 

The head of the UK’s central bank Mark Carney has said Britain should enjoy solid economic growth through to the end of the decade, but only if the government achieves a smooth departure from the European Union.

The Bank of England (BoE) trimmed its forecast of growth this year to 1.9 percent from 2.0 percent, but nudged up its forecasts for 2018 and 2019 to 1.7 percent and 1.8 percent. Last year Britain’s economy grew 1.8 percent.

The head of the UK’s central bank Mark Carney has said Britain should enjoy solid economic growth through to the end of the decade, but only if the government achieves a smooth departure from the European Union.

The Bank of England (BoE) trimmed its forecast of growth this year to 1.9 percent from 2.0 percent, but nudged up its forecasts for 2018 and 2019 to 1.7 percent and 1.8 percent. Last year Britain’s economy grew 1.8 percent.

Carney said the BoE had not made forecasts based on the scenario of a “disorderly Brexit” where Britain crashes out of the EU without an agreement on future relations.