Mounting no-deal Brexit fears and uncertainty damaging economy, warns Bank of England boss

Bank of England boss Mark Carney has warned that the “notable” increase in no-deal Brexit fears and continuing uncertainty is damaging Britain's economy.

The Bank's governor told MPs the possible lack of any
progress towards an offer and also the extended Brexit deadline is leaving firms in
limbo in terms of preparations and investment.

In a hearing using the Treasury Select Committee, Mr
Carney said there's been a “notable increase” in market expectations of no
deal.

He said this uncertainty in markets using one of businesses is “affecting the short-term economic performance” in the UK.