Bank’s reality check highlights Brexit vacuum

This year it’s different - or at least it should be. The Bank of England confirmed that the UK economy is in rocky post-EU referendum waters on Thursday (4 August), when it slashed interest rates and its economic forecasts for the next two years.

By cutting interest rates to 0.25, the first cut since the height of the banking crisis in 2009, and a record low, Governor Mark Carney has given the UK a post-referendum reality check. The Bank also cut its forecast for the UK’s economic grow...