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July 17, 2018, 12:51 London, July 17 (Prensa Latina) The Governor of the Bank of England, Mark Carney, estimated today that the absence of Brexit agreement could lead to serious economic consequences and revision According to Carney, the lack of agreement between the United Kingdom and the European Union (EU) for a transition after the separation between parties, implies that the British nation could collapse and depend on commercial conditions. of the World Trade Organization, a dependency that could harm the country.
The above-mentioned pact would keep the British as members of the community bloc, but without the right to vote the day after Brexit in March. from 2019 until the end of 2020.
As part of the automotive industry exposure, the owner of the English bank explained that before a collapse the committee of monetary policy of the issuing entity has re-evaluated the economic panorama and the types of interests.
Carney added that before a scene without agreements financial services would face great economic consequences, like bankers idle at the lack of demand for their services.
Lenders, Insurers and Asset Managers in the UK are betting on the opening of new centers in the EU by March, as an alternative to maintaining links with their clients, regardless of whether a transition agreement is guaranteed or not, he added.
due to the fact that in the absence of such a pact, existing contracts, derivatives and insurance policies are discontinued and, as a result, consumers are unable to enforce their rights or businesses are excluded from adverse financial movements.
Carney reiterated his country's concerns about the lack of response from the EU and added that the private sector can not solve these problems.
The question is to take responsibility for protecting finances, noting that "it's a cold consolation, but it will be worse in Europe than it is here."
rgh / tdd
