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The Bank of England prepares to avoid a “financial catastrophe” after Brexit

LONDON, Sep 9 (Reuters / EP) –

The Bank of England (BoE, for its acronym in English) has prepared its lenders for any impact they may suffer after the United Kingdom leaves the European Union, as Alex Brazier, director of financial stability of this bank told the newspaper 'The Times'.

“The financial system will not collapse once we leave the EU,” Brazier said to this newspaper, adding that the impending change of government in the BoE will not affect the central bank.

The Bank of England prepares to avoid a “financial catastrophe” after Brexit
The Bank of England prepares to avoid a “financial catastrophe” after Brexit

The current governor of the BoE, Mark Carney, will retire at the end of January 2020. His successor will be formally elected by the Minister of Finance, Sajid Javid.

These statements come after British Prime Minister Boris Johnson has announced that he is preparing a plan to legally prevent a further extension of Brexit.

The British Parliament last Tuesday approved a plan to force Johnson to ask the EU for a further postponement of Brexit if by October 19 the Parliament has not approved an agreement on the divorce between London and Brussels or has not given an express permit to the Government to be produced without any agreement.

Johnson later declared that “he would rather be dead in a ditch” rather than asking the EU for another extension of Brexit. Johnson's position is not supported by many 'tories'.

More than 20 have been expelled from the Conservative Party for voting against the Government in Parliament and the Minister of Labor and Pensions, Amber Rudd, has resigned in the last hours for the internal “purge” and for the failure of the 'premier' in Your commitment to get a new agreement.

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