Debt crisis could trigger "disorderly outcome", says Bank of England
The Bank of England said the British economy remains weak, while warning that failure to end the debt turmoil would have “severe implications” for growth.
The Bank of England said the British economy remains weak because of the government’s fiscal squeeze and the euro zone crisis, while warning that failure to end the debt turmoil would have “severe implications” for growth.
“There continue to be substantial uncertainties surrounding the outlook,” the central bank said in its Inflation Report published today in London. In the euro zone, failure to implement reforms “could trigger a disorderly outcome and...
Subscribe from just €1 for the first month!
With any subscription you will have access to
Unlimited multi-device access to our iPad, iPhone and Android Apps
Unlimited access to our eReader library
Exclusive daily insight and opinion seven days a week
Create alerts to never miss a subject that matters to you
Get access to exclusive offers for subscribers on gifts and experiences
Get content from Business Post, Business Post Magazines, Connected, Tatler and Food & Wine