Rolling coverage of the latest economic and financial news, as BoE governor Mark Carney defends his latest Brexit scenarios
Earlier:
8.43am GMT
Q: Are you worried that if Brexit goes belly up, people might blame you for sounding so incredibly gloomy and scaring everyone?
No, Mary Carney replies, returning to his key point -- that Britain needs to be ready for Brexit (and it’s not yet)
The issue is preparedness. The thing that people don’t need to worry about is the financial system - it will be there for them.
They can focus on what’s more important.
The financial system is just a servant of the economy, and it’s been far too centre state for far too long.
What happens to this economy, very important decisions are being made by others.
8.37am GMT
Q: What is so good about Theresa May’s Brexit deal?
Mark Carney plays a straight, technocratic bat, saying it’s not up to him to choose between various options:
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