Top 10 stories: Lots of post-Brexit activity but Bank’s inaction most eye-catching of all

THE impact of last month’s referendum vote continues to dominate, but deals continue to be done.

However it was a rare case of Brexit causing no immediate change – the Bank of England decided to keep interest rates at 0.5% despite expectations of a rate cut – that proved to be the best-read story of the week.

New Prime Minister Theresa May took a different view to the Bank’s Monetary Policy Committee, and was determined to show things would be different. Her overhaul of the Cabinet saw Bromsgrove MP Sajid Javid move from business to communities, with Greg Clark moving the other way, while there are also new faces at all of the great offices of state.

Despite the uncertainty, and the impending arrival of summer holidays (if not yet too much summer weather), there were a few eye-catching upbeat announcements from across the region.

Ricardo secured a £35m deal that will see its Leamington Spa factory work on a new supercar, the University of Worcester launched its plans for a £100m expansion and Steinhoff had a £600m takeover bid for Poundland approved by the Willenhall-based retailer’s board.