BoE lowers forecasts amid 'cascade' of Brexit uncertainty
The UK economy isn’t ready for a no-deal, no-transition Brexit, Bank of England Governor Mark Carney said, adding that the probability of such an outcome has increased
Carney was speaking after the central bank delivered a pessimistic view of the UK’s outlook, forecasting growth this year at the lowest since 2009, while predicting a dramatic slump in investment and lowering its prediction for pay gains. The “fog of Brexit” is also creating tensions, Carney said.
The UK is now just 50 days away from a March 29 deadline to leave the European Union, and an agreement for its new...
Subscribe from just €1 for the first month!
All Digital Access + eReader
Unlimited Access for 1 Month
*New subscribers only
€149 For the 1st Year
Unlimited Access for 1 Year
90 Day Pass
Unlimited Access for 2 Years
Get a Business Account for you and your team
Tom Maguire: Tax changes we make now could help business for years
The way we did business a few months ago may never return – so the opportunity is to make changes that will both aid recovery and set us up well for our new futures