Brexit warning

Bank of England Governor Mark Carney joined a meeting of U.K. government ministers yesterday to share worst-case economic scenarios used by the central bank as part of its Brexit planning. He warned of a 35 percent collapse in house prices and surging inflation that could lead to rate hikes. On the negotiation front, things seem to have slowed to a crawl. Today’s scheduled meeting between Brexit Secretary Dominic Raab and his EU counterpart Michel Barnier will now just be a phone call, as both sides gear up for an informal EU summit next Thursday.