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Energy Minister: Bank of England's Head Brexit Recession Warning 'Nonsense'

© AFP 2023 / EMMANUEL DUNANDBrexit
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The warning by the Bank of England governor, Mark Carney, that Brexit might lead to recession in Britain is "totally unjustifiable" and "nonsense," UK Energy Minister Andrea Leadsom said Sunday.

Brexit - Sputnik International
If We Leave, Families Will Be Poorer: UK's Osborne Backs IMF Brexit Stance
MOSCOW (Sputnik) — Earlier in the week, Carney said the vote to leave the European Union could have a "material economic impact", resulting in falling house prices, higher unemployment and lower living standards.

"What he's [Carney] done instead [of ensuring financial stability] is come out with some nonsense, totally unjustifiable, purely speculative staff of what might happen in the event of the Leave," Leadsom told the BBC’s Andrew Marr show.

The United Kingdom is set to vote on June 23 on the country's membership of the European Union, after Prime Minister David Cameron and the leaders of the 27 EU member states reached a deal in February to grant the United Kingdom a special status within the bloc.

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