The Bank of England says evidence is emerging that risks it identified related to Brexit are beginning to crystallise. One of the risks the Bank identified is high levels of household debt.
With Theresa May suddenly catapulted into Number 10, the world of finance is trying to calculate what the new government means for the management of the UK economy.
The government needs to think about the monetary policy as a potential tool in the toolkit, if, because of the instability, we go into recession, says Fran Boait, director of Positive Money in the RT interview:
Fran Boait, Director of Positive Money, in an interview on the Islam Channel TV on the alternative policy to Chancellor George Osborne's tax rises and spending cuts: Public Money Creation.
David Blanchflower announced yesterday that he intends to wind up his review of the Bank of England, which was commissioned by the Shadow Chancellor John McDonnell last year. Blanchflower is a former member of the Bank of England's Monetary Policy Committee, and had sat on Labour's economic advisory council.