Waffle from IMF’s Christine Lagarde

  • UK growth has slowed notably since the start of the year
  • Business is delaying investment until they have greater clarity about post-Brexit trade rules
  • The more uncertainty there is about Brexit, the greater the risk to growth
  • UK may face difficult decisions about the size of the public sector and how to finance it
  • UK has underinvested in infrastructure and innovation
  • BOE may need to raise rates faster if a fall in employment leads to too rapid wage growth

Next from Legarde: The sky is blue and water’s wet…

Ryan Littlestone

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