- Rightmove
Bank of England Governor Mark Carney took a chance to voice a fresh set of concerns about threats the UK economy may face should voters choose to exit from the European Union. In testimony to lawmakers in the House of Lords Carney said that a vote in favour of leaving the EU could result in "an extended period of uncertainty about the economic outlook" in the UK, with the potential to hurt trade, investment and growth. It could also undermine asset prices and the supply of credit in the economy, as well as make it more expensive for Britain to finance the gap added. Carney has previously described Brexit as the main domestic risk to Britain's financial stability. The Governor also stressed the benefits for Britain's economy from its open trading relationship with the EU, drawing criticism from some pro-Brexit lawmakers.
At the same time, Michael Gove, a senior government minister who supports Brexit, described a list of potential gains to the UK of leaving the bloc, including reducing red tape and savings from no longer having to pay into the EU budget. Gove added that the UK would also be able to freely pursue its own free-trade deals with the rest of the world and could be confident the EU would still want to trade freely with Britain, given that the UK was the destination for some 300 billion pounds of EU exports in 2014.
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