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
He also flagged the benefits of extending the UK’s post-exit implementation period, saying that it takes about four years to agree the average trade deal - about double the current transition, which currently gives a “very limited window to negotiate”.
The governor’s intervention follows similar endorsements from UK businesses, which could assist May as she tries to convince sceptical MPs to back her plan. The Bank of England will give more...
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Tom Maguire: Tax changes we make now could help business for years
The way we did business a few months ago may never return – so the opportunity is to make changes that will both aid recovery and set us up well for our new futures