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

Dave Ramsden tells MPs referendum fallout also contributed to lower speed limit for growth of UK economy

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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.