Carney: Consumer-led UK growth following Brexit vote could fizzle out

Bank of England governor Mark Carney has stood by forecasts of a UK slowdown as he suggested the economy's consumer-led growth could fizzle out. Mr Carney said that in contrast with the "less sanguine assessment of financial markets" that had sent the pound plunging, households were "entirely looking through Brexit-related uncertainties". In a speech at the London School of Economics, Mr Carney also defended the 0.25% interest rate cut in the wake of the referendum, claiming that without it 250,000 jobs could have been lost. Read More http://ift.tt/2j1Wof6

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