Bank of England governor Mark Carney is supporting Theresa May’s Brexit deal, saying a no-deal outcome would damage the UK economy, trigger job losses, lead to lower pay for workers and cause inflation to rise.

He said May’s draft EU withdrawal agreement would “support economic outcomes” that would be positive for the British economy, because it would give Britain more time to prepare for whatever final Brexit deal is agreed.

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Grant Thornton, the UK’s fifth biggest accountancy firm has chosen former restructuring specialist David Dunckley to be its new chief executive.

The move effectively brings to an end Sacha Romanovitch’s tenure as the only female leader of a leading British accounting firm.