IMF enters row on Brexit after BoE recession comments

Bank of England: Brexit could 'materially' lower UK growth

The Bank of England has warned that Britain leaving the EU could "materially" lower UK growth and lead to sharp falls in the value of the pound.

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IMF chief Christine Lagarde is expected to deliver Osborne a sharp warning at the Treasury later. Credit: Reuters

The International Monetary Fund (IMF) is set to wade into the Brexit debate following the Bank of England's comments it could spark a recession.

IMF chief Christine Lagarde is expected to deliver a sharp warning to Chancellor George Osborne when she meets him at the Treasury later.

Tory MP and Leave campaigner Jacob Rees-Mogg has called for Bank of England governor Mark Carney to be fired over his comments.

He accused Carney of "intervening speculatively in a political matter" when he should remain independent.

Last updated Fri 13 May 2016

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