Bank of England warns of soaring inflation and interest rates in event of no-deal Brexit

The Bank of England has warned the pound would crash, inflation will soar and interest rates would have to rise in the event of a no-deal disorderly Brexit.

The Bank of England has warned the pound would crash, inflation soar, interest rates would have to rise and Britain’s growth would plummet in the event of a no deal disorderly Brexit.

Today as requested by the House of Commons Treasury Committee the Bank of England has published analysis as to how Brexit may affect our ability to deliver our objectives. https://t.co/4GaqqrCGdv

— Bank of England (@bankofengland) November 28, 2018