Brexit: UK economy yet to suffer slowdown following EU vote, says Bank of England
The Bank of England is yet to see any clear evidence of an economic downturn due to Britain's decision to vote in favour of leaving the European Union, although hiring and investments were being put on hold.
Business uncertainty has "risen markedly" in the four weeks following the EU referendum, but there was no evidence that consumers had reined in their spending, the BoE's regional agents said on Wednesday (20 July).
"A majority of firms spoken with did not expect a near-term impact from the result on their investment or staff-hiring plans," Britain's central bank said in a statement.
"But around a third of contacts thought there would be some negative impact on those plans over the next 12 months. As yet, there was no clear evidence of a sharp general slowing in activit...