Adam Posen, a former Bank of England policy maker, said most of Britain’s inflation problem stems from Brexit and that he’d vote for a half-point interest rate increase to curb an upward surge in prices.
THE UK will be the only major economy to plunge into recession the year, the International Monetary Fund (IMF) has warned – with the finger pointed at the “economic self-harm of Brexit” on the three year anniversary of Britain leaving the EU.
Three years after the UK formally exited the European Union, the International Monetary Fund (IMF) has released new economic forecasts for 2023 which project that the UK will be the only advanced economy to contract this year.
Probably not the anniversary present the government was hoping to offer the public.
'It’s tough as it is’: IMF chief says 'wise' to extend Brexit trade negotiations amid coronavirus uncertainty
16/04/2020
No 10 has repeatedly insisted the PM will stick with existing deadline.