Brexit is a risk to UK growth, says Carney

The Bank of England governor tells the Lords that 'extended uncertainty' and an economic slowdown could follow a vote to leave the EU

The governor of the Bank of England has warned that Britain's economy could struggle to grow after a decision to quit the European Union.

Mark Carney said it was reasonable to argue that a combination of a fall in the pound, an increase in the costs of funding the annual deficit and higher inflation would depress growth in the aftermath of a no vote in the EU referendum on 23 June.