A disorderly Brexit would have damaging consequences for the British economy, according to the deputy governor of the Bank of England.
While no deal was still “unlikely”, Ben Broadbent said ripping up current trading arrangements with the European Union would cause disruption.
“In the unlikely event of a departure without an agreement I think there would be many disruptions,” he said. “Ours is an economy that has become adapted to pretty seamless trade in the EU. Were you suddenly to change those rules, I think there would be some disruption.”