Bank of England flags concern over impact of hard Brexit on economy

Bank of England Governor Mark Carney said there would be a hit to Britain's economy in the short-term if the country leaves the European Union next month without a deal to smooth its transition.

"Certainly in the short term, there will be a hit to incomes," Carney said, answering questions after a speech at a Financial Times event. "You have got to recognise this could go quite badly. We are 45 days before the possibility of it."