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“There is no sense of slash and burn. But there is a strong sense of trim and singe.”

The quote is from a transcript of a speech given by Andrew Haldane (Chief Economist at the BofE) last month in Port Talbot, Wales. Whilst the main topic of the speech is very much about monetary policy and measurements of wealth / well being in the UK, the above quote echo’s what I think the City has been feeling since Brexit… Are companies’ indefinitely holding off making “lumpy decisions”?

The full report: http://www.bankofengland.co.uk/publications/Documents/speeches/2016/speech916.pdf

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