Tuesday, July 5, 2022

Bank of England warns of effects of Brexit deal on British economy


Robert Frank
Robert started his career as a freelance content writer. Now, He is the founder of widely-recognized PR Agency. Robert still writes news pieces on various publications.

The Bank of England has warned of its outlook for the country’s economic growth, citing Boris Johnson’s Brexit deal.

“While policy news goes hand in hand with the economic outlook, it is important to wait and see the bigger picture, which is not optimistic”, Bank Governor Mark Carney told a news conference.

The Monetary Policy Committee expected a decline in GDP by about 1% by the end of 2022, compared with expectations in August.

The committee attributed part of the decline to the impact of the proposed Brexit agreement.

Read also: Trump criticizes Johnson’s Brexit deal

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