Any disorderly adjustment in capital flows would be associated with tighter funding conditions for the UK real economy," the FPC said. The Bank of England has announced that Brexit will not result in restricted access to the European Union ’s ( EU ) single market , provided that regulations are regarded as equivalent to those set by the EU . Although good news for the 5 , 000 UK firms currently taking advantage of EU passporting schemes , experts have nevertheless concluded that future economic growth is still dependent on the terms set by Brexit discussions .
The Bank of England has announced that Brexit will not result in restricted access to the European Union ’s ( EU ) single market , provided that regulations are regarded as equivalent to those set by the EU . Although good news for the 5 , 000 UK firms currently taking advantage of EU passporting schemes , experts have nevertheless concluded that future economic growth is still dependent on the terms set by Brexit discussions .