Britain’s economy is gathering more and more clouds.
Most prominent is the threat of Brexit, whose referendum certainty reduced the capital spending. Shaky world economy adds to slipping consumer confidence. Figures released showed the biggest trade deficit and data on manufacturing output is just as gloomy.
For all these reasons, the England’s bank of monetary-policy committee expects to vote unanimously to keep interest rates at 0.5%. The rate-setters may even hint that they are pondering a cut, or an expansion of quantitative easing.
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