Leaving the EU with no deal in place would have a major impact on the economy and the central bank is preparing contingency measures for that scenario, he added. While the bank has no seat at the Brexit negotiating table, it does have a role in providing advice. Carney has made warnings on Brexit in the past, though they are now particularly salient as the prime minister’s Conservative Party remains split on how to deliver the divorce. Time is running out, with just three months left before an October deadline to secure an exit deal ahead of the country’s formal departure in March.