Published On: Mon, Sep 17th, 2018

Carney is a Pratt!

Carney is a Pratt!

He’s a wailing BANSHEE’ and a pratt Rees-Mogg condemns ‘hysterical’ Carney over Brexit predictions
JACOB Rees-Mogg has ripped into Bank of England governor Mark Carney over his “hysterical” Brexit predictions during a passionate tirade.

The Bank of England’s Mark Carney has warned about the consequences of a Brexit no-deal claiming the scenario could cause house prices to plummet.

Leading Brexit supporter Jacob Rees-Mogg claimed Mr Carney’s predictions for Britain leaving the European Union could “not be taken seriously”.

Speaking on LBC, the Conservative MP for North East Somerset branded Mr Carney a “wailing banshee” and a complete pratt for his assessment of Brexit.

Mr Rees-Mogg said: “My basis for backing Brexit is that it will be an economic benefit.

“The one thing I will be affected by as, of course, everybody would be in the country is house prices.

“That was suggested by the Governor of the Bank of England who is quite hysterical about Brexit and can’t be taken seriously.”

Mr Rees-Mogg said: “He is a political apparatchik and has taken the governorship of the Bank of England from one where the odd movement of the eyebrows was influencing markets to one where he is a wailing banshee.

“I don’t think it’s at all distinguished.”

Bank of England governor Mr Carney warned the consequences of a no-deal Brexit could spark a recession in the UK adding that house prices could plummet.

Citing Cabinet sources, Mr Carney said unemployment figures would reach double-figure percentages, while house prices would plummet by up to 35 percent.

A report by the Guardian last week said several sources claimed the Bank of England Governor compared a no-deal Brexit scenario to the financial crisis in 2008.

One cabinet minister told the newspaper: “The Government wouldn’t just stand by. It didn’t in 2008.

“He wasn’t saying it was all going to happen but I think there is a recognition that you do have to contemplate the worst-case scenario.”

It was announced last week that the Bank of England boss will continue his role until January 2020 in order to “support a smooth and successful Brexit”.

On Thursday the Bank of England kept interest rates on hold.

The stabilisation of interest rates came just a month after it raised borrowing costs for just the second time in more than a decade.

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Carney is a Pratt!