Published on 3 Aug 2017

Bank of England: UK economy will stay ‘sluggish’

Economics Correspondent

The prospects for the UK economy are bleak as the Governor of the Bank of England warned it would stay “sluggish”. The Bank’s now lowered its growth forecast for this year and next – and voted to keep interest rates on hold again. And Mark Carney warned that business investment was weaker than expected because of the uncertainty surrounding Brexit.