++ CARNEY ON QUITTING EU ++

‘Business investment is down 20pc relative to where it was going to be. It is huge.’

‘It is essential to have a transition period. It means businesses know where they are headed.’

No Deal ‘will have a regional impact. It is the flip side of having some great businesses in the manufacturing sector’.

‘Some activities won’t be feasible because of clogged-up ports.’

‘The message is: We’ve got your back.’