CARNEY HITS OUT OVER NO DEAL CLAIMS

MARK Carney has rubbished claims that Britain could have a managed No Deal Brexit where there were no trade barriers with the EU.

The Bank of England Governor dismissed as ‘absolute nonsense’ assurances by Hard Brexiteers that disruption could be avoided if we leave without an agreement.

And he warned the danger of No Deal happening by accident is now ‘alarmingly high’.

The comments will be seen as a veiled attack on his predecessor Lord Mervyn King, who last week said No Deal was his preferred option.

Asked about claims the UK could leave without a deal but still avoid tariffs on EU trade, Mr Carney said: ‘Forget the fiction. Absolute nonsense. It needs to be called out.’

Asked about the risk of No Deal, he said: ‘Back in August, it felt uncomfortably high. It’s alarmingly high now.’