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Bank Of England Governor Backs UK's Brexit Deal

Law360, London (November 20, 2018, 2:56 PM GMT) -- The governor of the Bank of England gave his support on Tuesday to Prime Minister Theresa May's European Union withdrawal plans as he warned that a Brexit with no agreement in place would be the “worst outcome."

Mark Carney said as he appeared before the House of Commons Treasury Committee that he backed the Brexit deal unveiled by May last week and gave his approval to a proposed 20-month transition period that would kick in immediately after the U.K. leaves the EU in March next year.

“We have emphasized from the start the importance of having some transition between the current arrangements...

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