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Bank of England ‘could cut interest rate’

The Bank of England could cut interest rates due to Brexit uncertainty, according to one of its policymakers.

Michael Saunders told Reuters that Brexit and slow global growth were causing the United Kingdom economy to perform below its potential.

He predicted that the continuing problems of the departure from the European Union would act as a “slow puncture” for the economy.

The local government financial crisis has not been caused by a lack of funding: that’s just a symptom of the inherent conflict of having independent local authorities within a highly centralised state, argues Conrad Hall.

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