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Ministers clash with Bank of England boss Mark Carney after claiming No Deal Brexit will cause house prices to crash by a third

TWO senior Cabinet ministers clashed bitterly with Bank of England boss Mark Carney yesterday after he warned house prices will crash by a THIRD in a No Deal Brexit.

Home Secretary Sajid Javid and Health Secretary Matt Hancock ripped into the Bank chief after he stunned Ministers in No.10 with a doom-laden briefing.



Mark Carney’s grim forecast came during a day of no-deal fearmongering

Invited by Theresa May to speak about preparations for a No Deal, Mr Carney saidthe Pound would plunge, mortgage rates spiral and house prices crash by 35 per cent in just three years.

Ministerial sources told the Sun that trained economist Mr Hancock immediately hit back at the Canadian to demand to know what his intervention plan was to mitigate the trouble.

The Health supremo asked the governor why he hadn’t suggested an interest rate cut, like the one he swiftly implemented immediately after the EU referendum result in 2016.

The bitter exchange came as Theresa May’s Cabinet met for a marathon three and a half hour session to review the government’s emergency plans.


PA:Press Association The Bank of England boss warned that house prices will crash by a THIRD in No-Deal Brexit[/caption]


Getty Images - Getty Home Sec Sajid Javid ripped into the Bank chief after his doom-laden briefing to Ministers[/caption]



Getty Images - Getty Health Sec Matt Hancock also had a...

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