Andrew Sentance, a member of the Bank of England's Monetary Policy Committee, has warned of the possibility of a "more significant and sustained" slowdown than those of the recent past.

Speaking on 21 February, Sentance said the "process of adjustment in the economy to result in a slowdown in growth, which may be more significant and sustained than we have seen in the recent past during the era of inflation targets and central bank independence."

As factors that may mitigate against a sharp