MARK CARNEY UPGRADES GROWTH AND DOWNPLAYS BREXIT BANK FEARS
BANK of England governor Mark Carney dramatically revised up growth forecasts yesterday, while dismissing fears of banks leaving the UK after Brexit.
The Bank now predicts no slowdown over the course of this year. GDP will climb two per cent, according to the Bank's latest forecasts, the same rate as growth in 2016.
The upgrade to growth prospects comes after strong consumer spending wrong-footed the Bank in the aftermath of the Brexit vote, with little effect on the UK economy from ...