LONDON: British house prices could crash by 35 percent if the UK leaves the European Union next year without a divorce deal, Bank of England governor Mark Carney has reportedly warned. British house prices could crash by 35% if the UK leaves the European Union next year without a divorce deal, Bank of England governor Mark Carney has reportedly warned. Brexit talks between London and the European Union have stalled, prompting concerns that Britain could crash out of the bloc in March 2019 without an agreement. Carney reportedly warned that house prices could fall by up to 35 percent over three years in a worst-case scenario, as sterling plummeted and the BoE was forced to hike interest rates. She hit out also at Brexit Secretary Dominic Raab's claim Thursday that UK companies should not blame Brexit for poor earnings.

Source: Bangkok Post September 14, 2018 10:47 UTC