Monetary policy only offers short-term balm for UK - BOE's Haldane

Monetary policy can only offer a "short-term balm" for the uncertainty facing Britain's economy in light of the vote to leave the European Union, the Bank of England's chief economist said on Sunday. Andy Haldane said the Monetary Policy Committee was under no illusions that it could fully insulate Britain from the long-term effects of June's Brexit vote, in an opinion piece published by the Times newspaper. "This is a structural shift in the UK's economic and trading regime, whereas monetary po