BoE chief would welcome longer Brexit transition

Mark Carney’s backing for draft deal follows similar endorsements from UK businesses, which could assist Theresa May as she tries to convince sceptical MPs to back her plan

No-deal threat 'uncomfortably high', says Carney. Pic: Getty

Mark Carney yesterday gave his seal of approval tothe transition deal agreed by British Prime Minister Theresa May with the European Union, and signalled that he would welcome even longer for the UK to adjust.

In his first public comments on the draft agreement, the Bank of England governor united with other central bank officials to warn aboutthe dangers of leaving the EU without a smooth exit.

He also flagged the benefits of ...