Bank of England Announces Emergency Package Post Brexit

The Bank of England has introduced a significant stimulus package to counteract the economic slowdown anticipated after the Brexit referendum. This includes record interest rate cuts and substantial cash injections into the economy. The bank is actively supervising financial institutions to ensure these measures are effective. Despite the historic low bank rates and quantitative easing efforts, there are concerns about the impact on inequality and the need for additional economic policies. The Chancellor will address further fiscal responses in the upcoming autumn statement.

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