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UK admits economy contraction and announces a bold package of stimulus measures

Friday, August 5th 2016 - 12:07 UTC
Full article 18 comments

The Bank of England has unveiled a series of stimulus measures in the wake of Brexit, including its first interest rate cut since the global financial crisis (2009), as it tries to jumpstart an economy shocked by Britain’s vote to leave the European Union. Read full article


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  • Briton

    According to some, we should go now and forsake the pain ,

    After all, the longer we stay, the more chances we have of sinking with them.

    Aug 05th, 2016 - 06:46 pm - Link - Report abuse 0
  • Voice

    You voted out Briton...
    You are responsible for this outcome...
    Did you really believe all the BS that the UK would be better out...?

    Aug 05th, 2016 - 08:21 pm - Link - Report abuse 0
  • Englander

    “you are responsible for this outcome”

    Yeah......but don't forget the other 17million others.

    Democracy is great isn't it?

    Aug 05th, 2016 - 09:22 pm - Link - Report abuse 0
  • Voice

    The banks warned you...
    The government warned you...
    The rest of the world warned you...
    ...but you had to let your English nationalism rule your heads...
    It wasn't democracy, it was English nationals deciding for the whole of the UK...

    Aug 05th, 2016 - 10:46 pm - Link - Report abuse 0
  • bushpilot

    @4 Voice
    In the Scottish Independence Referendum, didn't you vote to leave?

    You could not have thought Scotland would be better off economically with Independence. Something else must have mattered more than economics.

    Is it OK for “English” people to be shackled, but not “Scottish” people?

    Aug 05th, 2016 - 11:50 pm - Link - Report abuse 0
  • Voice

    I voted to remain with the UK...

    A majority in every Country that comprises the UK, would be democratic...
    Having Nationalistic, jingoistic English misinforms ...deciding my future was a bitter pill to swallow...when every single county in Scotland voted to stay.
    That is not democracy...

    Aug 06th, 2016 - 12:01 am - Link - Report abuse 0
  • bushpilot

    OK, you have been pulled in a direction you really, really did not want to go. I see your point.

    But, is your personal future really all that decided by others?
    Does your future really depend a great deal on the EU? Or the UK?

    You could produce gobs more money and security for your life than the EU or the UK ever will.

    Would the EU be more democratic to your people anyway? It seems like a more dictocratic entity to me but I don't live there.

    The UK isn't going to really leave the EU anyway. Ms. May is going to negotiate a 52% to 48% Leave. It'll be a “hardly noticed” Leave.

    Aug 06th, 2016 - 12:49 am - Link - Report abuse 0
  • DemonTree

    I'm sure Cameron is wishing he had made such a rule for the referendum. Even requiring a majority of the four would have been enough. But it's too late now.

    I can tell you it's not any less bitter living in England and knowing some of my neighbours, coworkers and friends are the misinformed jingoists who voted out.

    It is democracy though, although I generally prefer the kind that involves electing people who understand the issues to make the important decisions.

    We've already noticed and we haven't even left yet. The plunging value of the pound is hard to miss. I've already changed my plans as a result, one tiny contribution to the slowing of the economy. And to have a hardly noticed leave we'd have to stay in the single market which seems very unlikely given that free movement was one of people's biggest complaints.

    Aug 06th, 2016 - 12:19 pm - Link - Report abuse 0
  • Englander

    Nonsense. UK went into EU as UK and later confirmed membership as UK.
    Scotland voted to remain part of UK.
    UK voted to leave EU.
    Democracy at its best.
    What don't you understand?

    Aug 06th, 2016 - 01:57 pm - Link - Report abuse 0
  • CapiTrollism_is_back!!

    There is plan B to get the economy back on track: re-become the world's drug dealer like in the good ol days!

    “In 1839, England went to war with China because it was upset that Chinese officials had shut down its drug trafficking racket and confiscated its dope.”

    I guess that couldn't be more clear.

    “However, recreational use was illegal and not widespread. That changed as the British began shipping in tons of the drug using a combination of commercial loopholes and outright smuggling to get around the ban.

    Chinese officials taking their own cut abetted the practice. American ships carrying Turkish-grown opium joined in the narcotics bonanza in the early 1800s. Consumption of opium in China skyrocketed, as did profits.”

    What a beautiful legacy, I am sure all Anglo children are taught this proud heritage, since the British don't whitewash nor brainwash...

    Aug 06th, 2016 - 03:47 pm - Link - Report abuse 0
  • Englander

    Wish somebody would confiscate Argentina's dope.
    Then we wouldn't have to read such nonsense.

    Aug 06th, 2016 - 06:12 pm - Link - Report abuse 0
  • ChrisR

    This is not the result of the Brexit vote but the response to the lamentable remainers attempting another vote (best of three / pick a number) AND Tits May sending mixed messages to all and sundry.

    Either she IS for Brexit and needs to start kicking arses or she is not.

    The Canuck needs to go ASAP, he has done more damage to the economy than anyone else in recent weeks.

    Aug 06th, 2016 - 06:28 pm - Link - Report abuse 0
  • DemonTree

    Ah, denial. Of course all the problems can be blamed on outside forces, they couldn't possibly be the inevitable and widely predicted results of the policy you voted for.

    May has the unenviable job of pleasing a bunch of people with completely contradictory desires, while trying to limit the damage from a decision she didn't support, and if possible salvaging something good from the whole mess.

    Aug 06th, 2016 - 06:54 pm - Link - Report abuse 0
  • Voice

    Should never have allowed the coffin dodgers to vote on the future of the UK...
    The limit should have been 60...
    They hardly have a future...

    Aug 06th, 2016 - 07:03 pm - Link - Report abuse 0
  • bushpilot

    Now you are talking democracy, for sure!!

    Aug 06th, 2016 - 09:16 pm - Link - Report abuse 0
  • The Voice

    Poor old Voice
    First the Nationalists
    Poison dwarf moves to Westminster
    Rule by Wonder Woman
    Potential rule by Ruritanians in Brussels
    RBS in the shit
    And Dunoon

    A perfect storm


    Aug 06th, 2016 - 09:42 pm - Link - Report abuse 0
  • Briton

    We the majority voted out,

    I say, what price freedom,
    right or wrong, we voted out and may, should take us out instead of all the dithering,
    the longer it takes, the longer democracy is worth less than before,

    What price your freedom.

    Aug 07th, 2016 - 07:11 pm - Link - Report abuse 0
  • Clyde15

    You seem to be stuck in a time warp around the mid 19th century.
    It must be due to your predilection to archaic English words that keeps you trapped in this era.
    It is now the 21st century but you don't seem to have noticed.

    Aug 10th, 2016 - 10:07 am - Link - Report abuse 0

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