The UK’s economy is performing better than expected, the Bank of England has admitted, but signs of economic stress in the commercial property and overseas investment markets indicate worrying post-referendum discontent in financial markets.
Officials at the Bank of England’s financial policy committee (FPC) said that “a number of economic indicators had picked up from their post-referendum low points” leaving “the near-term momentum of the UK economy slightly to the upside” compared with the Bank’s predictions in August.
Since the Brexit vote, independent economists have also revised up their growth forecasts for 2016 to pre-referendum levels.
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