The governor of the Bank of England, Mark Carney, recently warned that a 'no-deal' Brexit could cause house prices to fall by up to 35% over three years in a worst-case scenario.
Revealing details to the government of the Bank's 'stress-tests', Carney said they aim to ensure the UK's largest banks can meet the needs of the country, "even through a disorderly Brexit ".
Carney's comments were not a forecast but a briefing on preparations for a worst-case scenario. The banks passed tests set beyond what might reasonably be expected to happen, providing reassurance that the UK financial system can...
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