BoE's Andrew Haldane admits forecasting errors in Brexit run-up

The Bank came under strong criticism for its role in so-called 'Project Fear' in the run-up to the European referendum, forecasting a dramatic economic slowdown if voters elected to leave the EU. However, this has not come to pass and the UK economy has bounced back since the referendum. According to the Guardian, Haldane (pictured) said the Bank had not anticipated the resilience of consumer spending following the referendum and described the Bank's economic forecasting models as "narrow and fragile". He added: "I am not someone who would say that all that has been done in the past ...