Governor of Bank of England says no-deal #Brexit could be as bad as the 2008 financial crash

Sep 14, 2018, 11:12 AM

'A return to the finaicial crisis of 2008'. 'The need for international driving licenses if you drive down south'. And 'detrimental consequences for the peace process here'. An ever growing list of warnings around Brexit and the possibility of a no deal - or hard exit. This morning the Bank of England's governor Mark Carney has warned the cabinet that a chaotic no-deal Brexit could crash house prices and send another financial shock through the economy. His worst-case scenario was that house prices could fall as much as 35% over three years, a source told the BBC. Also today - a new report from Queen's University Belfast by researchers from BrexitLawNI suggests "Brexit will have detrimental consequences for the peace process in Northern Ireland and will weaken human rights and equality protections". Stephen got the views of former UKIP NI leader David McNarry and the economist Paul Gosling.