Rolling coverage of the latest economic and financial news, as latest economic healthcheck suggests UK economy is shrinkingLatest: Mark Carney dials back on Brexit worriesUK falling into recession, survey showsComposite UK PMI slumps to 49.7, suggesting economy shrinkingExpert: Brexit uncertainty is driving UK economy downEarlier:MPs to vote on blocking no-deal Brexit today 2.49pm BST Mark Carney has also provided this chart, showing how the Bank has scaled back its forecasts for a worst-case Brexit. 2.37pm BST Q: How would the Bank of England protect the economy after a no-deal Brexit?Carney says the Bank stands ready to intervene to provide liquidity into the financial system if needed. Continue reading…
Via: Bank of England says worst-case Brexit scenario now 'less severe' – business live
Categories: English News