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Brexit fallout has permanently damaged UK economy, says former bank official

Summary by Ground News
Michael Saunders left the BoE's Monetary Policy Committee this summer. He said the UK's exit from the European Union was a key reason the country now faced austerity. The City of London has lost its crown as Europe's biggest stock market listing centre. Paris has taken the top spot after the combined market capitalisation of its major share exchanges overtook those in the City.
Published 2 months ago

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Brexit ‘Permanently Damaged’ UK Economy, Michael Saunders Says

Former Bank of England policy maker Michael Saunders said Britain’s exit from the European Union is one of the reasons why the UK is now entering a period of austerity.

2 months ago·United States
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UK economy has been 'permanently damaged' by Brexit, says economist

A former Bank of England policymaker suggested there may not be a need for an austerity budget had it not been for Brexit.

2 months ago
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Brexit fallout has permanently damaged UK economy, says former bank official

Britons facing 'austerity' budget as a direct result of decision to leave Europe, former Bank of England adviser says

2 months ago·London, United Kingdom
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Expert says the UK economy has been permanently damaged by Brexit

We may have had enough of experts, or Michael Gove has at least, but one has just explained how disastrous Brexit has been and makes a compelling case.Speaking to Bloomberg Michael Saunders, a former Bank of England policymaker, warned that the policy is having a terrible impact on the British econo...

2 months ago
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UK Economy ‘Permanently Damaged’ By Brexit, Says Ex-Bank of England Official

Senior economist Michael Saunders thinks country "wouldn’t be talking about an austerity budget" if it had stayed in the EU.

2 months ago·United Kingdom
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