A disorderly Brexit would put families’ finances under pressure for several years, Mark Carney said as he confirmed that he was in talks to stay on as Bank of England governor. Leaving the EU with no deal would sink the pound and damage the outlook for growth, officials at the Bank told MPs yesterday, leaving households out of pocket. The governor warned that the squeeze on incomes could last years and that interest rates may have to rise. Mr Carney, 53, offered to remain governor past his departure date of next June. He said: “I am willing to do whatever else I can to promote a smooth Brexit and an effective transition at the Bank of England.” The Treasury is expected to confirm within a…

Source: The Times September 04, 2018 23:00 UTC