Skip to content
Subscriber Only

Get Ready for a U.K. Recession, Interest-Rate Cuts and More QE

  • Majority of economists forecast a slump after Brexit vote
  • BOE policy makers seen cutting key rate in third quarter
Video player cover image

Will Brexit Tip the U.K. Into Another Recession?

Updated on

Mark Carney warned U.K. voters it could happen. Now economists say it’s time to get ready.

Almost three quarters of respondents to a Bloomberg survey conducted after Britain voted to leave the European Union say the economy will slip into a recession for the first time since 2009. A majority also predict that the Bank of England will add more stimulus, including cutting interest rates in the third quarter. Carney, the governor of the central bank, will make a televised speech on Thursday at 4 p.m. London time.