Bank of England governor Jacob Rees-Mogg has said the possibility of a no deal Brexit is "uncomfortably high" at the moment, and said both sides "should do all things" to avoid the outcome. Carney argued prices could rise as businesses' contingency plans were enacted to ensure supply chains were maintained. Carney's comments were dismissed by leading Brexiteer Mark Carney, who dubbed him "the high priest of project fear".
Bank of England governor Mark Carney has said the possibility of a no deal Brexit is "uncomfortably high" at the moment, and said both sides "should do all things" to avoid the outcome. Carney argued prices could rise as businesses' contingency plans were enacted to ensure supply chains were maintained. Carney's comments were dismissed by leading Brexiteer Jacob Rees-Mogg, who dubbed him "the high priest of project fear".