Mark Carney, governor of the Bank of England, said the economy was unprepared for a no-deal Brexit Hannah McKay/PA1 Mark Carney, the Bank of England governor, warned that the economy will grow this year at its slowest rate since the financial crash a decade ago. The bank slashed its growth forecast and cautioned that there was a one-in-four chance of a recession by the summer because of Brexit uncertainty. 2 Ministers were forced to defend one of the biggest energy bill increases in a decade after Ofgem raised caps on prices for 15 million households by more than £100 a year. 3 Public opposition to fracking has hardened, government polling revealed as ministers confirmed they would not bend to industry demands for looser rules on the size of earthquakes caused by the process. About 35 per cent of the public now oppose fracking…

Source: The Times February 08, 2019 00:00 UTC