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