How is the UK economy after the Brexit referendum?

They did not take into account possible compensatory action by the Bank of England in the wake of a Brexit vote. After the referendum the Bank of England took steps to boost the economy. In particular it cut interest rates from 0.5% to 0. read more

The Brexit vote marked a sudden shift in the fortunes of sterling. The value of the pound had been falling against the euro before the referendum, but plunged to more than 10 per cent below its level at the start of 2016 against both the US dollar and the euro by the day after the EU vote. It has not recovered. read more

After the referendum the Bank of England took steps to boost the economy. In particular it cut interest rates from 0.5% to 0.25% in August - the first reduction in the cost of borrowing since 2009 - taking UK rates to a new record low. read more

Now the picture of early resilience is bolstered in the first snapshot of post-referendum Britain in a new Guardian project that will track the economy as the Brexit talks begin and progress, and as more data on the economy becomes available. read more