Delivering the Michel Camdessus speech at the IMF in Washington yesterday Bank of England Governor had this and other rather downbeat things to say about Britain and Brexit. This is not the first time he’s done this adding, it’s ‘an example of de-globalisation, not globalisation’ which will, in the short term at least, lower UK productivity and raise inflation; he repeated his pledge that a rise in interest rates is a possibility. The speed at which new trade deals can be done is of great importance.
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