The Bank of England has less firepower at its disposal than it did before past recessions, but new ideas for firing up the economy in a downturn need to be handled carefully, BoE policymaker Gertjan Vlieghe said on Monday. Speaking about a think-tank report which said Brexit and the global slowdown meant Britain faced the biggest recession risk since the 2008-09 global financial, Vlieghe said it was prudent to think about what to do to see off an economic shock. Suggestions in the report that Britain should consider raising the central bank’s 2% inflation target were part of a debate that was “well worth having,” ... (full story)