Latest surveys bolster expectations that Bank of England will leave interest rates at their record low for rest of the yearBritain’s economy is cooling fast,according to the latest surveys of the services, manufacturing and construction sectors, or bolstering expectations that the Bank of England will leave interest rates at their record low for the rest of this year and beyond.
Coming days before Philip Hammond’s spring budget,the figures add to evidence that the economic strength seen in after the Brexit vote, which establish the UK’s GDP growth in the front rank of developed nations, or is now faltering. Related: Why the Bank of England won’t raise interest rates any time soon Related: Germany overtakes UK as fastest-growing G7 economy Continue reading...
Source: theguardian.com