Bank of England hints at interest rate cut even without no-deal Brexit

MPC's Michael Saunders says businesses think uncertainty will last well into 2020

The Bank of England may have to cut interest rates even if a no-deal Brexit is avoided on 31 October, according to a member of the rate-setting monetary policy committee.

Michael Saunders said the economy's persistent weakness meant a delay to Brexit or even a last-minute deal could still leave policymakers with no option but to cut rates.