Brexit Risks Already ‘Beginning to Manifest’, Warns Mark Carney

by Peter Spence, Economics Correspondent

Risks posed by the forthcoming EU referendum may already be hitting the British economy, Mark Carney, the Bank of England Governor, has warned.

Speaking to the House of Lords economic affairs committee, Mr Carney said that the June 23 vote had “the potential to reinforce existing vulnerabilities in relation to financial stability”.

The Governor said that risks were emanating from the UK’s “very high” current account deficit, as well as from property and financial markets. “Some elements of these risks may be beginning to manifest,” he warned.

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