News Snapshot:
Gerard Lyons believes the EU is a low-growth 'Titanic' and that Britain can be nimbler on its own in 'choppy waters'. Photograph: Pier Marco Tacca/Getty Images Britain needs a “shake up” of institutions such as the Bank of England, according to Gerard Lyons, a son of Irish immigrants to London who was Boris Johnson’s chief economic adviser when he was mayor of the city. Lyons, who was a front-runner to become governor of the Bank of England in 2019 before the job went to Andrew Bailey, says the bank lacks “credibility” and needs an overhaul. Britain also needs to jolt...