London — Mark Carney gave his seal of approval to the transition deal agreed by Prime Minister Theresa May’s with the EU, and signaled that he would welcome even longer for the UK to adjust. In his first public comments on the government’s draft agreement, the Bank of England (BoE) governor united with other central bank officials to warn of the dangers of leaving the EU without a smooth exit. He also flagged the benefits of extending the UK’s post-exit implementation period, saying that it takes about four years to agree the average trade deal — about double the current transition, which currently gives a “very limited window to negotiate”. The governor’s intervention follows similar endorsements from UK businesses, which could assist May as she tries to convince sceptical lawmakers to back her plan. The BoE will give more details on its views on November 29, when it will provide the treasury committee with an analysis of May’s plan, as well as a no-deal outcome. “We welcome the tr...

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