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The Guardian - UK
The Guardian - UK
Business
Richard Partington Economics correspondent

Brexit has ‘chilled’ business investment, says Bank of England deputy governor

The Bank of England deputy governor Dave Ramsden
The Bank of England deputy governor Dave Ramsden said business investment was now only 6% higher in real terms than in the second quarter of 2016. Photograph: Reuters

The outcome of the Brexit vote and years of political uncertainty it triggered has had a chilling impact on business investment in Britain, a deputy governor of the Bank of England has said.

Dave Ramsden, the Bank’s deputy governor for markets and banking, said the fallout from the 2016 referendum had “chilled” investment levels compared with other leading nations and contributed to a lower “speed limit” for the UK economy.

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