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housing market

Bank of England chief warns of housing market crash on ‘no deal’ Brexit

LONDON: British house prices could crash by 35 percent if the UK leaves the European Union next year without a divorce deal, Bank of England governor Mark Carney has reportedly warned. Sharing the BoE's worst-case scenarios with Prime Minister Theresa May and her cabinet Thursday, Carney painted a bleak picture for the British economy, according to UK media reports Friday. It comes as the head of Britain's biggest business lobby group said a "no deal" exit would be a "hammer blow" to the British economy. Brexit…