Ratings agency S&P says expects BoE to help UK to dodge recession

Britain is likely to avoid entering recession after voting to leave the European Union if the Bank of England cuts interest and restarts its quantitative easing programme, ratings agency Standard & Poor's said on Tuesday. On Monday S&P stripped Britain of its triple-A credit status, downgrading it by two notches and assigning a negative outlook due to the weaker economic outlook and more complicated relations with the EU. "Brexit is likely to represent a drag of about 1.2 percent of GDP