A key Bank of England official thinks Brexit could lead to a 'sharp step down' in the UK's productivity

Business Insider -

Business Insider—Bank of England Deputy Governor Ben Broadbent argues that Brexit could lead to a "sharp step down" in the UK's productivity growth. Speaking at the London School of Economics he said that a similar slowdown to the one seen after the financial crisis could crystallise after Brexit. Broadbent also noted that Brexit does not necessarily mean interest rates will be lowered. LONDON — One of the Bank of England's most senior officials has warned that Brexit could cause a deepening of the...

Bank of England will support UK economy through Brexit, says governor. Mark Carney said the UK is now the slowest growing economy in the G7.