Sky sources: Governor Carney briefed Cabinet on three different scenarios “worst case” saw No Deal recession, renewed sterling slump and house prices falling by a third ...
Source 1: “not a prediction a worst case scenario” and although it “seemed quite high” was received respectfully by ministers
Source 2, when asked if Carney presentation “scary”: “Bank of England Governor presented a range of situations ... that added to consideration of No Deal, people can take confidence from the work going on”
Answering qs at CB of Ireland Gov Carney does indeed say these “very severe outcomes” of “correlated risks” stress test of “very severe outcomes where monetary policy credibility is lost and therefore interest rates have to go up”... and, as we reported that is “not a prediction” 
Carney transcript via @skydavidblevins
