'Bank of England blames Brexit when the facts don't fit', says John Redwood MP

'The Bank of England blame Brexit when the facts don't fit', says John Redwood MP

The MP for Wokingham spoke to Julia Hartley-Brewer about the Bank's warning over Brexit

Friday, August 4, 2017

John Redwood has claimed the Bank of England blames Brexit for the economy, even when it doesn't necessarily fit the facts. 

The bank cut its growth forecast on Thursday and voted to hold interest rates steady, claiming companies should be wary about pay rises because of uncertainties surrounding the UK's withdrawal from the European Union.

The MP for Wokingham claimed the bank always looked towards blaming Brexit, even when the situation is incompatible. 

He told Julia Hartley-Brewer: "The Bank of England blame anything bad on Brexit in a way which doesn't fit the facts. 

"What does worry me is Bank of England policy. I think they’re trying to slow down things too much.

"That could indeed tighten money and mean we don’t have quite as good a time as we would have if they didn’t take this action."

Listen above.

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