Will Brexit force UK to employ ‘helicopter money’?

Quentin Fitzsimmons, manager of the Dynamic Global Bond Fund at T. Rowe Price, predicts that a ‘hard-ish’ Brexit will cause an economic slowdown in the UK. While the government’s only option to stimulate the economy would be to arrange for the Bank of England to underwrite government debt, essentially issuing helicopter money, he tells Investment Week this remains a risky option and is therefore unlikely. Fitzsimmons affirms gilts and sterling remain the safest investment in light of this uncertainty to come.

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