BoE faces bleak outlook as new prime minister appointed

Boris Johnson
Boris Johnson
Photo: EU2017EE Estonian Presidency

The Bank of England is facing the prospect of a slowing economy and intense pressure from Brexit, as the UK’s ruling Conservative Party today (July 23) chose a hard-Brexit supporter as prime minister.

In a ceremony in London this morning, the Conservative Party revealed that Boris Johnson would become the party’s new leader and therefore the UK’s next prime minister. He was widely seen as the frontrunner for the role.

Despite the BoE and several other economic organisations warning of the

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