Anxious British economy: Bank of England speaks against crisis data – n-tv.de NEWS

 Economy
 

 Friday, 05 August 2016

 
 
 

 
 The first episodes of the Proposed referendum on United Kingdom membership of the European Union-decision be visible in Britain’s economy: The housing market in London loses According to a study of its value. Companies emphasize vacancies. The Bank of England is trying to counter the anxiety.
 

 
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Given the turbulent economic times after the Proposed referendum on United Kingdom membership of the European Union-poll dampens the British central bank chief fears of a new crisis. The British would not have to worry about the granting of loans, said the Governor of the Bank of England (BoE), Mark Carney, the radio station LBC: “It’s not like after the financial crisis or during the euro crisis.” The “modern finance” working.

The BoE had halved the key interest rate on Thursday. With 0.25 percent, it is as deep as ever since the bank was more than 320 years ago. In addition, the government bond program was extended for cranking the economy by 60 billion pounds (70 billion euros) and launched an incentive program to encourage lending. All this will help to stabilize after the withdrawal from the EU referendum on 23 of June was plummeting economy.

On the island there is uncertainty as to whether the UK will in future still have access to the EU internal market. This tarnishes the consumer sentiment and inhibits the willingness to invest. The Japanese group Nissan announced to make future investment decisions in the largest car factory on the island depends on the conditions under which the EU exit will take place. “The question is: What is with customs, trade policy and the distribution of products,” said Renault-Nissan CEO Carlos Ghosn the BBC. For the carmaker of Proposed referendum on United Kingdom membership of the European Union is a particularly sensitive subject, since a large proportion of manufactured in Sunderland car is delivered to other EU countries. The factory is one of the most efficient in the industry in Europe.

Another crisis signal for the British economy is that prices for homes unexpectedly dropped significantly in July. They sank to the previous month to a percent, five times stronger assumed by economists as the mortgage company Halifax announced.

Just recently, another study showed that house prices in the exclusive central London in July fell as much as not for nearly seven years more. These figures nourish concern that property could lose by a withdrawal from the EU massively in value, in particular the City of London, which threatens a significant weakening. In the bank towers of the metropolis, the fear comes to that business will be displaced for a Proposed referendum on United Kingdom membership of the European Union on sites in the European Union.

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The crisis-ridden Royal Bank of Scotland (RBS) is feeling the Proposed referendum on United Kingdom membership of the European Union-shock: The anti-EU referendum worry now for uncertainty, said the money home, writes deeply in the red. The vote meet the Bank in its core market. RBS wants to consider the impact on its own business. Previously had HSBC, Europe’s largest bank based in London, agreed to take their own activities under the microscope

More bad news coming from the UK labor market. The number of newly advertised permanent jobs had last month declined so much as last during the 2009 recession, informed the professional association for recruitment (REC) with a study. The labor market has experienced a dramatic free fall in July, “said REC CEO Kevin Green.” The economic turmoil after the vote for a withdrawal of Britain from the European Union are undoubtedly the reason. “Many companies presented because of increased uncertainty new employees only still limited a.

  Source: n-tv.de
 

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