Brexit uncertainty pounding the economy says Bank of England governor

Friday, August 4th 2017 - 08:35 UTC

Full article 5 comments

The governor of the Bank of England has warned that uncertainty over Brexit is already weighing on the economy. Mark Carney's comments came as the Bank voted to hold rates and cut growth forecasts. It edged this year's growth forecast down to 1.7% from its previous forecast of 1.9% made in May and also cut the forecast for 2018 from 1.7% to 1.6%. Read full article

Comments

Disclaimer & comment rules

HughJuanCoeurs
This would be Mr Mark “Whoops! I got it wrong about the financial disaster that would follow Brexit.” Carney, would it? The man should give up his dire prognostications and preferably lose his job.
Aug 04th, 2017 - 02:29 pm - Link - Report abuse +1
-+
The Voice
Spot on HJC, but there are Remoaners a plenty to whom his comments will resonate. We'll have to wait and see.....
Aug 04th, 2017 - 03:28 pm - Link - Report abuse +1
-+
Tr0lListic_Approach
UK car sales down 10% and fourth month in a row of losses. Those are getting close to Brazilian like data numbers.

And Guinness will not be scarcer in the UK.

I guess he is right.
Aug 05th, 2017 - 01:59 am - Link - Report abuse -2
-+
golfcronie
TA, dream on, we WILL decide our own future.
Aug 05th, 2017 - 10:18 pm - Link - Report abuse 0
-+
Clyde15
The drop in new car sales could also be caused by the uncertainty on the future of diesel cars and possible bans on their use in towns. Why fork out for a new car if you will not be able to use it.
There is also more to the UK economy than the purchasing of German cars...it will also affect Volkswagen.
Aug 06th, 2017 - 09:27 am - Link - Report abuse 0
-+

Commenting for this story is now closed.
If you have a Facebook account, become a fan and comment on our Facebook Page!