Mark Carney has warned that the events in Greece may impact financial stability in the UK.

Greece have recently failed to meet obligations to the International Monetary Fund (IMF).  The payment Greece has failed to make to the IMF is in the order of £1.1 bn.  Banks in Greece have closed and restricted cash withdrawals.

Nevertheless, it is understood that the Uk’s direct financial exposure is negligible and therefore is unlikely to seriously impact our economy.