UK Business Investment Trails US Badly Since Brexit Vote, BoE Warns
• Brexit vote in 2016 has chilled business investment in the UK, says Bank of England deputy governor • UK business investment has grown just 1% a year since 2016, compared to over 25% in the US • Certainty around economic policy is key for driving business investment • Weaker investment has contributed to lower "speed limit" for UK economy • Bank of England governor warns markets are underestimating risk of persistent inflation