New photo Bank of England boss throws support behind Theresa May’s EU withdrawal and warns No Deal Brexit could cause a shock to the economy

Bank of England governor Mark Carney has backed Theresa May’s EU withdrawal plans, warning a no-deal Brexit would trigger a shock to the economy that the bank could do little to rectify.

In a hearing with MPs on the Treasury Select Committee, Mr Carney said: “We have emphasised from the start the importance of having some transition between the current arrangements and the ultimate arrangements.

Mr Carney warned against a No Deal Brexit  and said it would shock the UK’s economy

AP:Associated Press

“So we welcome the transition arrangements in the withdrawal agreement … and take note of the possibility of extending that transition period.”

The transition period starts on March 29 and is due to end on December 31, 2020. Carney highlighted that a lack of a transition would deliver a “large negative shock” to the British economy – akin to the 1970s oil shock.

A no-deal scenario – seen as the “worse outcome” by the bank – was not one in which the central bank could ride to the economy’s rescue with lower interest rates, MPs heard.

Michael Saunders, one external member of the Monetary Policy Committee, said: “If you have queues at Dover, the answer to the UK economy is not lower interest rates.”

Mark Carney has publicly backed Theresa May’s EU withdrawal plans

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News Pictures Bank of England boss throws support behind Theresa May’s EU withdrawal and warns No Deal Brexit could cause a shock to the economy

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TEENS
Hayden Panettiere
Size: 8
Age: 18
Height: 5ft 1in
Weight: 8st

To achieve her kick-ass figure, Hayden – who plays cheerleader Claire Bennet in Heroes – follows the ‘quartering’ rule. She eats only a quarter of the food on her plate, then waits 20 minutes before deciding whether she needs to eat again.

Hayden says: “I don’t have a model’s body, but I’m not one of those crazy girls who thinks that they’re fat. I’m OK with what I have.”

Nicollette says: “I don’t like diets – I see it, I eat it! I believe in eating healthily with lots of protein, vegetables and carbs to give you energy.”

kim cattrall

Size: 10-12
Age: 52
Height: 5ft 8in
Weight: 9st 4lb

SATC star Kim swears by gym sessions with Russian kettle bells (traditional cast-iron weights) and the South Beach Diet to give her the body she wants. To avoid overeating, Kim has a radical diet trick – squirting lemon juice on her leftovers – so she won’t carry on picking.

Kim says: “I am no super-thin Hollywood actress. I am built for men who like women to look like women.”
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