| Topic: | Re:Brexit impass | |
| Posted by: | John Whitworth | |
| Date/Time: | 11/03/19 10:35:00 |
| AR > "I pointed out that the short term Treasury economic analysis published prior to the vote has proved to be inaccurate." The Bank of England and the Treasury implemented economic stimulus measures to counter the realisation of those forecasts: * Reduction of the official interest rate to 0.25% * An injection of £60bn into the economy to buy government bonds * Another £10bn buying corporate bonds from firms “making a material contribution to the UK economy” * £100bn of funding to banks to stimulate lending * Abandonment of targets to eliminate the budget deficit |