Rolling coverage of the latest economic and financial news
Andrew Bailey has also been quizzed about fears in Kent that Brexit border checks will cause disruption in and around Dover.
Bailey tried to swerve committing news about Brexit, but did point out that some small businesses will suffer from disruption.
“I’m a public official, so I don’t take a position on Brexit per se. I have to say if you ask me about the economics of Brexit what I say is what you would expect, and what we have seen, there will be some short-term painful effect on trade.
“But over a longer period of time the compensation for that is that trade will be redirected. But it can be particular impactful on small businesses and for some of them that’s just not viable.”
“We still have to get it sustainably at the target and we have quite an unbalanced mix of components of inflation at the moment. But I’m very encouraged that the path is downwards therefore I do think the path for interest rates will be downwards, gradually.”
Continue reading…Rolling coverage of the latest economic and financial newsAndrew Bailey has also been quizzed about fears in Kent that Brexit border checks will cause disruption in and around Dover.Bailey tried to swerve committing news about Brexit, but did point out that some small businesses will suffer from disruption.“I’m a public official, so I don’t take a position on Brexit per se. I have to say if you ask me about the economics of Brexit what I say is what you would expect, and what we have seen, there will be some short-term painful effect on trade.“But over a longer period of time the compensation for that is that trade will be redirected. But it can be particular impactful on small businesses and for some of them that’s just not viable.”“We still have to get it sustainably at the target and we have quite an unbalanced mix of components of inflation at the moment. But I’m very encouraged that the path is downwards therefore I do think the path for interest rates will be downwards, gradually.” Continue reading…
