What the Sunday papers say

SUNDAY EXPRESS BRITAIN’S growth outlook has been downgraded due to Brexit, with some economists and investors predicting that GDP will weaken for two years and may even flirt with recession. CITY grandee Edi Truell is fronting a £1billion rescue bid for the British Steel Pension Scheme that will preserve members’ benefits and enable Tata to sell its UK steel operations. MILITARY MUTUAL is set to offer commercial insurance packages to small to medium-sized companies owned by former members of the Armed Forces and their families. CANCER treatment firm Incanthera is close to sealing a £5million investment deal that will enable it to start human trials of its new “smart-bomb” drug. SUNDAY TIMES THE Bank of England is set to slash interest rates and even restart its money-printing programme to stimulate a slowing economy after the vote for Brexit. THE world’s biggest beer company, Anheuser-Busch InBev, will have to swallow a gigantic paper loss due to the plunging value of sterling. OBSERVER TO some, it is a political disaster that will bring financial Armageddon. To others, Britain’s vote to leave the EU represents a golden opportunity. But the experts are still concerned that uncertainty will set the economy back. SUNDAY TELEGRAPH GLOBAL central banks are expected to unleash a fresh wave of stimulus before the end of the year as they deal with the impact of the Brexit vote.