An English bank predicts serious consequences for the financial sector

London, July 17 (Prensa Latina) The Governor of the Bank of England, Mark Carney, today estimated that the lack of agreement on Brexit could result in serious economic consequences and the revision of interest rates.

According to Carney, the absence of an agreement between the United Kingdom and the European Union (EU) for a transition after the separation between the parties, implies that the British nation could s & # 39; Collapse and depend on the commercial terms of the World Trade Organization, a dependency that could harm the country.

The aforementioned pact would retain the British as members of the community bloc, but without the right to vote the day after Brexit, in March 2019 until the end of 2020

As part of the exhibition From the automotive industry, the head of the English bank explained that before the collapse, the monetary policy committee of the issuing body would reevaluate the economic outlook and rates of interest. interest.

a scenario without agreements financial services would face great economic consequences, as inactive bankers face the lack of demand for their services.

Stamlists, insurers and badet managers in the UK are betting on the opening of new centers in the EU by March, as an alternative to maintain links with their clients, regardless of whether a transition agreement is guaranteed or not, he added. However, he warned of concerns that in the absence of such a pact, existing cross-border contracts, derivatives and insurance policies will be discontinued, and therefore the Consumers will be unable to make claims or businesses will be left without coverage.

million. Carney reiterated his country's concerns about the lack of response from the EU and added that the private sector could not solve these problems.

The question is to take responsibility for protecting finances, and he noted that "it's a cold consolation, but it will be worse in Europe than it is here."

rgh / tdd