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"Project Fear" Mark Carney admits that Brexit is not as awkward



Domestically, the incoming data have given me greater confidence that the softness of UK activity in the first quarter was largely due to the...



06.Jul.18 8:17 AM
By Shawn Highstraw
Photo independent.co.uk

   169

"Project Fear" Mark Carney admits that Brexit is not as awkward
As we all remember, the campaign for the «Better together» with European Union has failed miserable. Instead of continuing rambling about why the British People has chosen Brexit let’s face and research the consequences. Bank of England Governor Mark Carney, whose gloomy forecasts about the post-Brexit era were reaching headlines during the campaign is now to admit that he has been wrong.

While reporting on the state of British economy he gave an upbeat message, nearly forgetting his own role in the collapsed «Project Fear». Now he praises the upcoming World cup and is satisfied with state of economy and finances in the Kingdom.

He said the final reading of economic growth for the first quarter, which is 0.2 percent, is a confirmation of his view of the UK's economy.

"Domestically, the incoming data have given me greater confidence that the softness of UK activity in the first quarter was largely due to the weather, not the economic climate," Mark Carney.
"A number of indicators of household spending and sentiment have bounced back strongly from what increasingly appears to have been erratic weakness in Q1."

Mr Carney's comments are believed to be the driver behind the pound growth against the US dollar, rising 0.15 per cent to 1.325.



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