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

21st November, 2018
No-deal threat 'uncomfortably high', says Carney. Pic: Getty

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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