Brexit dilemma puts Bank of England in wait-and-see mode
The bank's new lower growth forecasts specifically exclude the possibility that the UK will fail to reach a withdrawal agreement with the EU
The bank on Thursday published updated forecasts that acknowledged the UK's economy could follow a “wide range of paths” in the coming years but specifically excluded the possibility that Britain would fail to reach a withdrawal agreement with the European Union.
“They won’t make any assumptions about how the government might change policy if it’s not been announced and, to be fair, that’s completely reasonable,” said George Buckley, an economist at Nomura. The...
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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