Article 32G18 Fall in migration after Brexit could push up inflation, says Carney

Fall in migration after Brexit could push up inflation, says Carney

by
Richard Partington
from Economics | The Guardian on (#32G18)

Bank of England governor says labour shortages could also raise wages in short term, but Brexit would have only modest impact on prices

A sharp fall in migrant workers coming to Britain as a consequence of Brexit could push up wages and cause a spike in inflation in the short term, according to the governor of the Bank of England.

Mark Carney was setting out his view on inflation days after the Bank's rate-setting panel indicated it could raise interest rates for the first time in a decade.

Related: UK interest rates stay at 0.25% but Bank of England hints rise is looming

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