Brexit rescue: Interest rates slashed

Meet the startup boss trying to protect London from Brexit

The Bank of England has cut interest rates for the first time in seven years, and will revive a broad stimulus program to try to prevent Brexit tipping the U.K. economy into recession.

The central bank acted after slashing its growth forecast by the biggest margin in nearly 20 years. Presenting the first official analysis of the Brexit shock to the economy Thursday, it predicted:

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World business news – CNNMoney.com

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