Priorities will be keeping financial markets stable and containing effect of vote to leave EU,says deputy governor Andrew BaileyThe Bank of England deputy governor Andrew Bailey has said its first precedence in the event of a Brexit vote is to keep financial markets stable and manage the impact on the British economy.
Speaking at a Treasury committee hearing on the economic costs and benefits of the UK’s EU membership, Bailey said: “The first set of issues that I contemplate would occur would be contingency planning around financial markets and broader macroeconomic fallout from the decision.”Continue reading...
Source: theguardian.com