The Bank of England (BoE) might have cut its benchmark rate to cushion a likely post-Brexit downturn, but there is unease in some quarters of the U.K. business industry.
"I'm not sure what question the rate cut is trying to answer," Mark Wilson, the CEO of Aviva told CNBC Thursday.
The U.K. based firm - which provides around 31 million customers worldwide with insurance and investment products - is part of a sector that feels the pain when interest rates are low and the search for high-yielding assets grows ever harder.
Wilson claims that Aviva isn't impacted "too much" by a further rate cut and claims that the insurer is a "pretty good wet weather car" when times are challenging. He believes that it's the government that should be stepping in to support the U.K. economy rather than the central bank.