The Bank of England is expected to unveil a wide ranging stimulus package this week in a bid to stave off a post-Brexit recession.
The package is likely to include an additional cut in what are already record low interest rates, as well as a possible new round of money printing.
CCTV’s Richard Bestic reports.
What post-Brexit data is available to the Bank of England largely points to a U.K. economic downturn.
Manufacturing in July suffered its fastest decline in three years, according to a survey of purchasing managers by the financial services company Markit.
Post-Brexit consumer’s confidence has fallen at its fastest pace in 26 years, suggests the latest survey from marketing analysts GfK.
U.K. businesses expect economic growth to slow dramatically over the next three months, according to the influential Confederation of British Industry, the CBI.
Economic headwinds facing Bank of England Governor Mark Carney as prepares a package to steady the post-Brexit economy.
An interest rate cut is regarded as almost a certainty, with the possibility of yet more monetary easing.