Boris Johnson said it’s ‘absolutely not the case’ that Brexit has made us poorer
BANK of England boss Mark Carney was today accused of “crying wolf” after he claimed Brexit had cost every British family £900.
He told MPs that the vote to leave the EU had lowered the UK’s economic growth by as much as 2 per cent.
But Brexit backers accused him of discrediting the Bank by making his extreme forecasts.
Speaking at the Treasury select committee, Mr Carney said: “Real household incomes are about £900 lower than we forecast in 2016.
“The question is why and what drove that difference. Some of it is ascribed to Brexit.”
He added: “It’s understandable why businesses are holding back – there’s some big decisions that are about to be made – why wouldn’t they want to wait until the path becomes clearer?”
But Mr Carney also suggested there could be a “sharp pick-up” once Britain and the EU strike a Brexit deal.
Top Tory Jacob Rees-Mogg blasted the governor’s comments.
He told The Sun: “The Governor of the Bank of England cannot even get his forward guidance on interest rates right which is his main responsibility so his endless crying wolf over Brexit simply discredits him and sadly the Bank.”
And speaking in Argentina, Boris Johnson said: “It is absolutely not the case that Brexit has damaged the interests of this country.
“On the contrary, I think that both the UK and Argentina will prosper thanks to our ability to do unhindered, unfettered free-trade deals because that is part of our joint perspectives.”
Pro-Brexit economist Patrick Minford added: “It is a relief that Mark Carney is retiring, as he seems incapable of understanding the Brexit process.”
To read The Sun’s story in full, click here.