LONDON — Britain’s property market would crash and mortgage rates spiral up in the event of a chaotic no-deal Brexit, with house prices falling 35 percent over three years, Bank of England Governor Mark Carney told ministers, The Times newspaper reported.
The United Kingdom is due to leave the European Union on March 29, and yet little is clear. There is, so far, no full exit agreement between Brussels and London and some rebels in Prime Minister Theresa May’s Conservative Party have threatened to vote down a deal if she clinches one.
