Recap (and ICYMI) of Bank of England Broadbent comments on Brexit

Author: Eamonn Sheridan | Category: Central Banks

Greg had the remarks from BoE Deputy Governor Broadbent here:

Broadbent expressed concern that UK companies are likely to cancel projects that they have put on hold because of Brexit uncertainty if the country leaves the European Union without a deal to smooth the shock
On a 'no deal' exit:
  • "Deliberately choosing the outcome firms say they view most negatively is more likely to mean that capital projects that have so far been deferred are then simply canceled,"
Reuters have a little more.

BoE Deputy Governor Broadbent Brexit

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