Bank of England Governor Mark Carney has dismissed a claim by Boris Johnson, the front-runner in the race to become UK prime minister, that Britain can avoid the hit of European Union trade tariffs in the event of a no-deal Brexit. Bank of England Governor Mark Carney has dismissed a claim by Boris Johnson, the front-runner in the race to become UK prime minister, that Britain can avoid the hit of European Union trade tariffs in the event of a no-deal Brexit. The central bank governor said there would be long-term as well as short-term damage for Britain's economy from a no-deal Brexit and many companies were not fully ready for such an abrupt shift. Mr Carney has previously warned about the economic impact of a no-deal Brexit, prompting anger among Brexit supporters. READ MORE: Editorial: 'As prime minister, Johnson will have to face reality'READ MORE: No scope for any further Brexit delays, says TaoiseachReuters

Source: Irish Independent June 21, 2019 06:56 UTC