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Bank of England President Carney disagrees with Johnson, the next British prime minister's favorite candidate, that Britain can avoid the impact of EU trade tariffs without an agreement to withdraw from Europe.
Carney told the BBC that to opt out of Europe without a transitional agreement, it should first be "absolutely clear" what this means for the British economy.
Carney said that a non-agreement withdrawal from Europe would have a long-term and short-term impact on the British economy, and many companies were not fully prepared for such a dramatic change.
Johnson has said that Article 24 of the General Agreement on Tariffs and Trade (GATT) allows existing trade to continue with mutual agreement.


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