In a prepared speech, Jonathan Haskel, an external member of the Bank of England’s Monetary Policy Committee, said that the prospect of low business investment in the U.K. was possible at least for the next few years.
Key quotes
- It is conceivable that the UK will require more time than the 21 months for the Brexit transition.
- Investors also need to know the future trade relationship that we strike with EU, that is far from certain.
- Longer term question is whether investment will eventually bounce back after Brexit uncertainty is resolved.
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