Carney says Brexit offers global warning on risk of trade conflicts



Kate Allen | Financial Times

The economic impact of Brexit is a warning to the rest of the world of the risks of global trade uncertainty, the Bank of England governor has said.

Speaking to an audience of senior City figures in London, Mark Carney said the threat posed by conflicts over trade were greater than a financial crisis or a turn in the business cycle.

“With fundamental uncertainty about future market access, UK investment hasn’t grown since the referendum was called and has dramatically underperformed both history and peers,” he said at the event, which was hosted by the Financial Times.

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