Brexit a major cause of UK’s return to austerity, says senior economist
by Anna Isaac City editor from Economics | The Guardian on (#65T8M)
Former Bank of England policymaker Michael Saunders says leaving EU has permanently damaged' economy
Brexit is the ultimate reason why the UK now faces a fresh round of austerity, a former interest rate-setter at the Bank of England has said.
The UK economy as a whole has been permanently damaged by Brexit," Michael Saunders, who was an external member of the central bank's monetary policy committee, said in an interview with Bloomberg TV.
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