BOE's Carney Says U.K. Needs `Modest' Tightening

The video discusses changes in the UK's monetary policy over two years, highlighting the initial measures taken by the MPC to support the economy during Brexit uncertainties. It explains the economic conditions two years ago, including low inflation and business confidence, and the current situation with high employment and limited spare capacity. The MPC's decision to modestly tighten monetary policy is aimed at maintaining inflation at the 2% target. The video also covers the UK's economic growth, expected to continue at a steady pace, with business investment expanding despite Brexit-related uncertainties.

What was the expected annual rate of business investment growth over the forecast period?

What uncertainties are mentioned as a drag on the pace of recovery?