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Socially Most Trending News

.... The civil engineering alone is expected to create 16,000 jobs. The TUC welcomed the contract awards as a “shot in the arm for Brexit Britain”. ... [Read full article on Guardian ]
Monday 17th of July 2017 08:08:45 AM
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....The company has operations in more than 60 countries and sells its products around the world, employing about 37,000 people globally. The sharp fall in the value of the pound since the Brexit vote has benefited companies like Reckitt Benckiser, because it has significant operations outside the UK. ... [Read full article on Guardian ]
Thursday 6th of July 2017 07:38:33 AM
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.... Rather it will be a steady, inexorable drip-feed. It has already started and as the true implications of Brexit sink in the number will swell. ... [Read full article on Guardian ]
Thursday 29th of June 2017 08:00:17 AM
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. Irish authorities have said they have clinched deals with more than a dozen London-based banks and finance houses to move some of their operations to Dublin in preparation for Brexit. ... [Read full article on Guardian ]
Thursday 29th of June 2017 05:09:09 PM
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. The owner of the Net-a-Porter luxury fashion website is to hire at least 100 more IT experts over the next two years as it shrugs off the impact of the Brexit vote to open a tech hub in the UK. ... [Read full article on Guardian ]
Tuesday 27th of June 2017 11:25:53 AM
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....". The figures should also act as a "very sharp reminder" that Brexit is not the only challenge facing the UK, according to Ian Brinkley, acting chief economist at the Chartered Institute of Personnel and Development. ... [Read full article on BBC ]
Wednesday 5th of July 2017 02:16:37 PM
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. In boardrooms across London, bank executives are deciding where to move tens of thousands of jobs in the event of a hard Brexit. ... [Read full article on Guardian ]
Saturday 15th of July 2017 03:00:09 PM
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. EasyJet is to open a new European headquarters in Austria to enable it to continue to operate flights within the EU after Brexit. ... [Read full article on Guardian ]
Friday 14th of July 2017 09:31:48 AM
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.... “Americanism, not globalism, shall be our creed,” he bellowed at the Republican national convention last July. The vote for Brexit was strongest in the regions of the UK devastated by the flight of manufacturing. ... [Read full article on Guardian ]
Friday 14th of July 2017 04:28:14 AM
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. The government is “sleepwalking” into a post-Brexit future of insecure, unsafe and increasingly expensive food supplies, and has little idea how it will replace decades of EU regulation on the issue, a report by influential academics has said. ... [Read full article on Guardian ]
Sunday 16th of July 2017 11:01:34 PM
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....Record levels of employment will fail to prevent the economy’s growth rate slowing this year and next during a period when consumer spending will be squeezed by rising inflation and falling living standards, the consultancy firm PwC has predicted. PwC said action by the chancellor, Philip Hammond, in his autumn budget would help offset weaker household spending and delayed investment by firms anxious about Brexit. ... [Read full article on Guardian ]
Tuesday 18th of July 2017 05:01:11 AM
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....Business leaders are to demand that ministers agree an indefinite delay in Britain’s departure from the European single market and customs union to give more time for talks on a long-term trade deal. In a dramatic escalation of the battle to soften the government’s Brexit strategy, groups representing thousands of UK employers aim to present a united front during a summit at Chevening country house hosted by the Brexit secretary, David Davis. ... [Read full article on Guardian ]
Thursday 6th of July 2017 05:02:32 PM
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.... Stagecoach has also admitted that in hindsight it overpaid for the £3. 3bn contract, blaming factors including Brexit and terrorism for underperformance that punched an £84m hole in its finances. ... [Read full article on Guardian ]
Wednesday 28th of June 2017 04:56:27 PM
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.... And yet, in the wake of the 2008 financial crisis and the consequent recession, there has been a turn against globalisation across much of the west. More broadly, there has been a wide repudiation of the “experts”, most notably in the 2016 US election and Brexit referendum. ... [Read full article on Guardian ]
Tuesday 11th of July 2017 05:00:01 AM
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...."It's no surprise that milk buyers are worried about milk volumes falling. Confidence within dairy farming is at an all-time low - mistrust in the market dynamics and suspicion about how milk buyers are treating their supply base coupled with the lack of direction on the impact of Brexit on the dairy sector. ... [Read full article on BBC ]
Thursday 6th of July 2017 06:33:10 AM
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....Britain’s biggest businesses must take action to improve the diversity of their workforces and publish a breakdown of their black, Asian and minority ethnic (BAME) employees, a new report has urged. The report by the professional management body the CMI and the British Academy of Management focuses on ethnic diversity at management levels below the boardroom and highlights the importance of the issue following the vote for Brexit. ... [Read full article on Guardian ]
Wednesday 19th of July 2017 05:01:11 AM
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.... Academics have shown that it sometimes fails to improve the lives of very low-wage workers, and journalists have exposed how some companies and producer groups can abuse it. But its biggest test is likely to be Brexit and the many new “free trade” deals which Britain, the US and others are expected to sign. ... [Read full article on Guardian ]
Saturday 24th of June 2017 11:02:13 PM
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....It cut the weight of two bars from Toblerone’s UK range with 400g bars falling to 360g while the 170g bars, which are one of Poundland’s best sellers, slimmed to 150g. Mondelez, the owner of Toblerone, said the change was not Brexit related, but the fall in the value of the pound after last summer’s EU referendum was seen by many as a likely contributing factor to the firm’s rising costs. ... [Read full article on Guardian ]
Sunday 16th of July 2017 02:09:27 PM
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. British officials have quietly abandoned hope of securing the government’s promised “cake and eat it” Brexit deal, increasingly accepting the inevitability of a painful trade-off between market access and political control when the UK leaves the EU. ... [Read full article on Guardian ]
Monday 3rd of July 2017 06:30:55 AM
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....The departure of energy minister Nick Hurd is seen as a blow to the plan, designed to set out how the government will tackle the huge shortfall in carbon cuts identified by its advisers. The group’s annual Energy Barometer report said Brexit was a new and “material concern” for further uncertainty. ... [Read full article on Guardian ]
Monday 26th of June 2017 05:58:13 AM
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....” She said there had also been a rise in Chinese shoppers heading to Hong Kong, after a long period of decline. The UK remained Burberry’s fastest-growing market as international travellers continued to take advantage of the drop in the value of the pound since last year’s Brexit vote to pick up a bargain. ... [Read full article on Guardian ]
Wednesday 12th of July 2017 01:52:25 PM
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....5m to cover the cost of unvested bonus and long-term incentive share plan awards she had to forfeit leaving easJet. McCall said she already missed easyJet – which suffered a share price slump and sharp fall in profits last year, its first decline in six years, and is due to open a European HQ to operate EU flights post-Brexit – but said the ITV opportunity “felt like the right one to take”. ... [Read full article on Guardian ]
Monday 17th of July 2017 06:15:51 AM
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. One third of non-British workers are considering leaving the UK, with highly skilled workers from the EU most likely to go, according to new research into the impact of Brexit on the jobs market. ... [Read full article on Guardian ]
Monday 26th of June 2017 11:01:14 PM
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. The UK housing market is shrugging off concerns in the wider economy following the Brexit vote, compounding problems for many first-time buyers still wrestling with the strongest year-on-year price rises in the market. ... [Read full article on Guardian ]
Sunday 16th of July 2017 11:01:34 PM
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.... The findings will add to concerns that employers are already struggling to fill key jobs even before a potential clampdown on immigration once Britain leaves the EU. Open University researchers noted that unemployment was low, those in work were reluctant to move jobs because of continued Brexit uncertainty and that a lack of clarity about future immigration rules was deterring some EU nationals from taking up roles in Britain. ... [Read full article on Guardian ]
Monday 3rd of July 2017 06:01:04 AM
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.... Or: organisers of one of the most startling social experiments in contemporary Europe. And: a daily lesson from Greece to Brexit Britain, both in how we work and how we do politics. ... [Read full article on Guardian ]
Tuesday 18th of July 2017 06:00:12 AM
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....However, Nick Hillman, director of the Higher Education Policy Institute thinktank, who helped to push through the fees system, warns against knee-jerk policy changes on fees. “I’m not saying everything should be fixed in aspic, but rushing into changing student finance because of panic about an election that was really about Brexit and about Jeremy Corbyn would be a mistake. ... [Read full article on Guardian ]
Tuesday 11th of July 2017 06:14:02 AM
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...."The UK would like to find a way to continue to collaborate with the EU," they wrote in a Financial Times letter. There are fears Brexit may cause delays in UK patients getting new drugs. ... [Read full article on BBC ]
Tuesday 4th of July 2017 06:50:52 AM
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. The government has moved to dampen fears in the pharmaceutical and life sciences industry that Brexit will mean patients and the NHS will wait longer and pay more for drugs and treatment. ... [Read full article on Guardian ]
Tuesday 4th of July 2017 08:26:44 AM
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....The foundation added that the surprise was not that the groups faring badly had turned out – both in last year’s EU referendum and in the recent general election – to reject the status quo, but that it had taken them so long to do so. Sterling’s fall since the Brexit vote in June 2016 has pushed up inflation by making imports dearer, but the Resolution Foundation said the current squeeze on living standards for the “just about managing” previously championed by the prime minister, Theresa May, was a continuation of a longer-term trend. ... [Read full article on Guardian ]
Friday 14th of July 2017 11:01:36 PM
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Latest Finance News related to Brexit

Hip to be Square Mile as plans unveiled for new London culture hub image
Source : Guardian [Read Article] Thursday 20th of July 2017 02:43:24 PM
....“This is a transformational plan. We are at the start of a journey, but what more important time is there than [now], in the face of Brexit, to send a really strong signal that London is and always will be an open and resolutely internationalist city,” she said. ...
Related to :
Warm weather drives UK shoppers back to the high street image
Source : Guardian [Read Article] Thursday 20th of July 2017 02:21:55 PM
....“The GDP figures for the second quarter are likely to confirm this picture of subdued economic growth. The vote for Brexit has created a more uncertain climate for business and a squeeze on consumers from higher inflation. ...
Why my ‘gig economy’ review favours gradual change over quick fixes | Mathew Taylor image
.... The thing about gradualism is that it opens up new possibilities. If the government turns parts of my report into legislation – and given Brexit this is a big “if” – the Labour movement will face a choice: welcome significant but gradual change while arguing for more in the future, or reject reform on the grounds that only a transformation of our economy and our system of industrial relations can deliver meaningful progress. ...
Mr Kipling maker hit by shoppers' switch to own-label products image
Source : Guardian [Read Article] Thursday 20th of July 2017 08:29:00 AM
....Premier said retailers are also cutting back on promotions, and it blamed the warm June weather for slowing sales of cooking sauces, flavourings and seasonings. The company has also been hit by rising costs linked to the fall in the pound since the Brexit vote. ...
Morgan Stanley picks Frankfurt as post-Brexit hub image
Source : Guardian [Read Article] Wednesday 19th of July 2017 04:11:56 PM
. US investment bank Morgan Stanley has chosen Frankfurt as the site of its post-Brexit EU hub in a move that could put 200 jobs in the City of London under threat. ...
Drax looking at 'coal-free future' as it reveals £83m pre-tax loss image
Source : Guardian [Read Article] Wednesday 19th of July 2017 09:33:16 AM
....The half-yearly results showed revenues from Drax’s retail energy unit were up from a small loss in the first half of last year to around £11m, thanks in part to its acquisition of Opus for £340m last November. A large chunk of the £83m loss – the £65m lost on currency hedging – was a result of the volatility of the value of sterling since the Brexit vote. ...
Top firms must publish figures on ethnic diversity, says report image
Source : Guardian [Read Article] Wednesday 19th of July 2017 05:01:11 AM
....Britain’s biggest businesses must take action to improve the diversity of their workforces and publish a breakdown of their black, Asian and minority ethnic (BAME) employees, a new report has urged. The report by the professional management body the CMI and the British Academy of Management focuses on ethnic diversity at management levels below the boardroom and highlights the importance of the issue following the vote for Brexit. ...
'City will have to launch Brexit plans if there is no transitional deal' image
. Major City firms will start implementing their Brexit contingency plans at the end of the year unless there is an agreement about the UK’s transition terms for exit from the EU, according to the City regulator. ...
REVEALED: The surprise area in Britain seeing bumper house price rises of 7.5% image
....Nick Leeming chairman at estate agent Jackson-Stops & Staff said: "Home owners in the East of England will no doubt be delighted that their region continues to accelerate ahead of the rest of the UK, exhibiting the highest annual growth rate of any region yet again. "All regional markets remain positive in terms of annual growth which just goes to show the resilience of the UK property market despite the various uncertainties generated by Brexit and politics at home. ...
Surprise drop in UK inflation is good news for consumers | Larry Elliott image
....6% in June was a welcome surprise. Two years ago, inflation was zero; in the month of the Brexit vote it was 0. ...
Lower fuel prices slow pace of UK inflation image
Source : Guardian [Read Article] Tuesday 18th of July 2017 08:56:34 AM
How could we cope if capitalism failed? Ask 26 Greek factory workers | Aditya Chakrabortty image
.... Or: organisers of one of the most startling social experiments in contemporary Europe. And: a daily lesson from Greece to Brexit Britain, both in how we work and how we do politics. ...
UK growth will slow as consumer spending is squeezed, forecasts PwC image
Source : Guardian [Read Article] Tuesday 18th of July 2017 05:01:11 AM
....Record levels of employment will fail to prevent the economy’s growth rate slowing this year and next during a period when consumer spending will be squeezed by rising inflation and falling living standards, the consultancy firm PwC has predicted. PwC said action by the chancellor, Philip Hammond, in his autumn budget would help offset weaker household spending and delayed investment by firms anxious about Brexit. ...
UK inflation figures will shine light on impact of pound's Brexit slide image
. Fresh evidence of the impact of the post-Brexit depreciation in the value of the pound will be revealed on Tuesday with the release of the latest set of official inflation figures. ...
HS2 contracts worth £6.6bn awarded by UK government image
Source : Guardian [Read Article] Monday 17th of July 2017 08:08:45 AM
Carolyn McCall to become ITV chief executive image
Source : Guardian [Read Article] Monday 17th of July 2017 06:15:51 AM
....5m to cover the cost of unvested bonus and long-term incentive share plan awards she had to forfeit leaving easJet. McCall said she already missed easyJet – which suffered a share price slump and sharp fall in profits last year, its first decline in six years, and is due to open a European HQ to operate EU flights post-Brexit – but said the ITV opportunity “felt like the right one to take”. ...
The man who won a landmark legal battle for same-sex pension rights image
Source : Guardian [Read Article] Monday 17th of July 2017 06:00:43 AM
.... One of the most glaring pieces of discrimination has been disapplied and thousands of couples’ lives will change for the better because John kept fighting. “The concern now is that Brexit could undo the progress that’s been made. ...
UK business confidence at lowest point for six years, say forecasters image
. The UK needs to prepare itself for weaker economic performance, two major forecasting groups have said, in the latest studies predicting the downsides of the Brexit vote. ...
UK housing market shrugs off concerns of Brexit slowdown image
Source : Guardian [Read Article] Sunday 16th of July 2017 11:01:34 PM
. The UK housing market is shrugging off concerns in the wider economy following the Brexit vote, compounding problems for many first-time buyers still wrestling with the strongest year-on-year price rises in the market. ...
UK 'sleepwalking' into food insecurity after Brexit, academics say image
Source : Guardian [Read Article] Sunday 16th of July 2017 11:01:34 PM
. The government is “sleepwalking” into a post-Brexit future of insecure, unsafe and increasingly expensive food supplies, and has little idea how it will replace decades of EU regulation on the issue, a report by influential academics has said. ...
Low-paid should receive inflation-only rises, say business leaders image
Source : Guardian [Read Article] Sunday 16th of July 2017 06:13:15 PM
.... “Setting the national living wage must be done cautiously, comprehensively taking into account economic circumstances, so that people are not priced out of jobs. The government’s current policy was set before the EU referendum and so does not reflect the uncertainty caused by Brexit. ...
Poundland delays launch of Twin Peaks chocolate bar amid legal row image
Source : Guardian [Read Article] Sunday 16th of July 2017 02:09:27 PM
....It cut the weight of two bars from Toblerone’s UK range with 400g bars falling to 360g while the 170g bars, which are one of Poundland’s best sellers, slimmed to 150g. Mondelez, the owner of Toblerone, said the change was not Brexit related, but the fall in the value of the pound after last summer’s EU referendum was seen by many as a likely contributing factor to the firm’s rising costs. ...
Governments have to invest in the fourth industrial revolution | Larry Elliott image
.... If, for example, companies thought the tepid recovery from the financial crisis was a brief respite before another downturn, it would make sense to stash some money away now. Any UK company that fancies a risk-averse approach has the perfect excuse for sitting pat: the uncertainty caused by Brexit. ...
Election euphoria won’t last if Labour doesn’t foil Brexit folly image
Source : Guardian [Read Article] Sunday 16th of July 2017 05:59:13 AM
.... Every day brings news of economic slowdown and mounting concern at the Bank of England about the wisdom of tightening monetary policy in the face of the gathering British economic storm. Yet the Conservatives in parliament seem to be dominated by a powerful minority of ideological Brexiters who are determined that these so-called negotiations with the other 27 will end in tears. ...
Top 1% of households in UK fully recovered from financial crisis image
Source : Guardian [Read Article] Friday 14th of July 2017 11:01:36 PM
....The foundation added that the surprise was not that the groups faring badly had turned out – both in last year’s EU referendum and in the recent general election – to reject the status quo, but that it had taken them so long to do so. Sterling’s fall since the Brexit vote in June 2016 has pushed up inflation by making imports dearer, but the Resolution Foundation said the current squeeze on living standards for the “just about managing” previously championed by the prime minister, Theresa May, was a continuation of a longer-term trend. ...
The Guardian view on Brexit policy: time for Britain to get real | Editorial image
.... In practice, there will only be a year remaining until all the big issues are supposed to be provisionally settled and the process of confirmation begins. As the EU’s chief Brexit negotiator, Michel Barnier, keeps saying, the clock is ticking. ...
British companies must have voices heard on Brexit, says MP image
Source : Guardian [Read Article] Friday 14th of July 2017 05:26:11 PM
. Rachel Reeves, the chair of the House of Commons business select committee, says she will use her powerful new role to ensure Britain’s companies can make their voices heard on Brexit. ...
MAPPED: Britain’s house price hot spots where values are growing fastest image
Source : Daily Express [Read Article] Friday 14th of July 2017 05:21:00 PM
. Despite Brexit fear mongers claiming leaving the European Union would hit house prices, in reality figures show a different picture. ...
EasyJet to set up Austrian HQ to operate EU flights after Brexit image
Source : Guardian [Read Article] Friday 14th of July 2017 09:31:48 AM
. EasyJet is to open a new European headquarters in Austria to enable it to continue to operate flights within the EU after Brexit. ...
City regulator plans rule change to allow Saudi oil giant's $2tn float in London image
....Ashley Hamilton Claxton, the corporate governance manager at Royal London Asset Management, said: “If the proposals in this consultation document are implemented, it will be bad news for London and will reverse the progress we have made in recent years to uphold strong governance and protect minority shareholders,” she added. The proposals are being made at a time when London is keen to promote its status as a leading financial centre in the wake of the Brexit vote. ...
Rise in credit card default rate adds to concerns over household finances image
....It comes as family finances are put under increasing strain by a sustained period of falling real pay, as inflation outpaces wage growth, shrinking disposable incomes. The sharp fall in the value of the pound since the Brexit vote a year ago has driven up the cost of goods imported from abroad and led to higher prices in the shops. ...
UK public finances face twin threat from Brexit and downturn, says OBR image
Source : Guardian [Read Article] Thursday 13th of July 2017 12:07:53 PM
. Britain’s public finances are in worse shape to withstand a recession than they were on the eve of the 2007 financial crash a decade ago and face the twin threat of a fresh downturn and Brexit, the Treasury’s independent forecaster has warned. ...
Berlin’s not perfect, but Samsung is right: it’s more fun than London | Musa Okwonga image
.... We are fortunate enough to live in a place where people travel to relax and to party. They have been joined of late by new young faces, decamping from different parts of the UK in advance of Brexit. ...
Is paying off the mortgage a better bet than saving? image
Source : Guardian [Read Article] Thursday 13th of July 2017 06:00:00 AM
. Q We are a family with some savings – around £70,000 – but are worried they might be worth less once Brexit is decided: ie, the pound will go downhill. ...
Chancellor needs to find an extra £33bn a year to end austerity, says IFS image
....Emmerson said relaxing the spending squeeze was “an option in a way that it was not an option back in 2010”. But he warned that it would leave the chancellor with “less room for manoeuvre” if growth stalled as a result of Brexit. ...
Key Bank of England policymaker 'not ready' for interest rate rise image
Source : Guardian [Read Article] Wednesday 12th of July 2017 05:45:21 PM
.... “There is reason to see the [monetary policy] committee moving in that direction [towards higher interest rates] – but there are still a lot of imponderables,” he said. Broadbent said many companies would remain nervous about their prospects while they were “one or two years down the road” from knowing what Brexit means. ...
Irish business seeks €1bn in EU aid to protect firms hit by Brexit image
Source : Guardian [Read Article] Wednesday 12th of July 2017 05:40:20 PM
. Irish business leaders have called for a €1bn state aid programme to guard against Brexit disruption, in the event that the UK quits the customs union. ...
Burberry drops plans to redevelop Leeds mill despite pick-up in sales image
Source : Guardian [Read Article] Wednesday 12th of July 2017 01:52:25 PM
....” She said there had also been a rise in Chinese shoppers heading to Hong Kong, after a long period of decline. The UK remained Burberry’s fastest-growing market as international travellers continued to take advantage of the drop in the value of the pound since last year’s Brexit vote to pick up a bargain. ...
Bar and restaurant chains scale back UK expansion as costs rise image
Source : Guardian [Read Article] Tuesday 11th of July 2017 04:52:05 PM
....Bars, pubs and restaurant chains are pulling back on expansion and may close outlets amid big rises in food and drink costs. Food price inflation for licensed businesses is running at 9% according to the Association of Licensed Multiple Retailers, while drink costs are rising by up to 7%, partly as a result of the fall in the value of the pound since last year’s Brexit vote. ...
JP Morgan: we'll only move jobs from UK after Brexit if EU forces us image
Source : Guardian [Read Article] Tuesday 11th of July 2017 04:35:32 PM
. The worldwide boss of JP Morgan has said othat the Wall Street bank would only have to move thousands of jobs out of the UK in response to Brexit if ordered to do so by the EU. ...
Grace is 25. Her student debt: £69,000 image
Source : Guardian [Read Article] Tuesday 11th of July 2017 06:14:02 AM
....However, Nick Hillman, director of the Higher Education Policy Institute thinktank, who helped to push through the fees system, warns against knee-jerk policy changes on fees. “I’m not saying everything should be fixed in aspic, but rushing into changing student finance because of panic about an election that was really about Brexit and about Jeremy Corbyn would be a mistake. ...
How economics became a religion | John Rapley image
Source : Guardian [Read Article] Tuesday 11th of July 2017 05:00:01 AM
.... And yet, in the wake of the 2008 financial crisis and the consequent recession, there has been a turn against globalisation across much of the west. More broadly, there has been a wide repudiation of the “experts”, most notably in the 2016 US election and Brexit referendum. ...
May relaunches premiership with new protections for gig economy workers image
....“Bad work – insecure, exploitative, controlling – is bad for health and wellbeing, something that generates cost for vulnerable individuals but also for wider society,” he will say at the launch. Jeremy Corbyn mocked May’s invitation to the Labour party to help create policies for the UK’s future post-Brexit by offering to give her a copy of his election manifesto – and suggesting she call another general election. ...
Central banks are ending policies like QE – but they'll be back | Nouriel Roubini image
.... The European Central Bank is now pondering just how fast to taper its own QE policy in 2018, and when to start phasing out negative interest rates. Similarly, the Bank of England (BoE) has finished its latest round of QE – which it launched after the Brexit referendum last June – and is considering hiking interest rates. ...
Carillion boss steps down as shares crash 40% image
Source : Guardian [Read Article] Monday 10th of July 2017 09:40:51 AM
. The chief executive of construction and support services company Carillion has stepped down as the firm warned on profits and scrapped its dividend following a Brexit-related slowdown in orders, news which sent its shares plunging almost 40%. ...
Brexit breaks breakfast? Hard Brexit could mean hard luck for fry-up fans image
.... Butter prices are already at an all-time high, up 20% over the past 12 months, as farmers and dairies struggle to cope with demand. Consumer budgets are under mounting pressure as the sharp fall in sterling’s valuesince the Brexit vote last year pushes up the prices of goods imported from abroad and drives shop prices higher. ...
Spending falls at fastest rate for four years as consumers tighten belts image
....“The lack of upward momentum in pay growth, in several economies including the UK and US, has been a central talking point of late as policymakers debate the cause of this and what this implies for the stance of monetary policy,” she said. “In the UK context, we suspect the lack of pay growth will help the MPC [monetary policy committee] delay any normalisation until Brexit uncertainties facing the UK economy have died down. ...
Improve the Brexit offer to EU citizens, or we’ll veto the deal | Guy Verhofstadt image
. In the European parliament we accept that the Brexit decision was a democratic choice, but we were never convinced Brexit would be a positive development economically: certainly not for the standing of Europe and the UK in the world and, most importantly, not for citizens. ...
The Guardian view on abolishing student fees: easier to say than to do | Editorial image
.... Loyalists, like David Willetts, architect of the 2012 system, argue that this is not a fiscal problem but a political one, fuelled by Jeremy Corbyn’s vote-winning pledge to abolish fees. But universities – who have done very well out of the system – are nervously watching Mr Corbyn’s success, and wondering what a post-Brexit future holds. ...
House price pick-up allays fears of property market crash image
Source : Daily Express [Read Article] Sunday 9th of July 2017 03:37:00 PM
....The doom-mongers are out in force this year, issuing dire warnings about falling house prices, rising consumer debt, stagnating wages and higher inflation. Political uncertainty only adds to the sense of gloom, while Brexit opponents gleefully pounce on any sign that the UK is stumbling in an attempt to reverse last year’s EU referendum result. ...
Vince Cable says Brexit 'may never happen' – video image
Source : Guardian [Read Article] Sunday 9th of July 2017 11:49:33 AM
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Related to :
Bank of England: pay figures will fuel raging interest rate debate image
Source : Guardian [Read Article] Sunday 9th of July 2017 09:10:15 AM
....At the last rate-setting meeting in June, three policymakers voted for an immediate rate rise to 0. 5%, which would remove some of the emergency stimulus the Bank injected into the economy after the Brexit vote. ...
German industry warns UK not to expect help in Brexit negotiations image
Source : Guardian [Read Article] Sunday 9th of July 2017 08:51:32 AM
. German industry has warned Britain not to rely on its help in securing a good Brexit deal, in a stark intervention that strikes a blow at the government’s EU departure plans. ...
In other circumstances, we’d raise rates. But with Brexit looming, how can we? image
....The economy is already weakening and the main measure of economic activity, GDP, is likely to slump. If a central bank policymaker subscribes to these arguments, they might see themselves voting in August to reverse the emergency interest rate cut made last year – the one made in response to the panicky aftermath of the Brexit vote. ...
One by one, Brexit’s ‘salvations’ are seen to be illusory | Nick Cohen image
....From Boris Johnson and Michael Gove in the Leave campaign, through to Iain Duncan Smith and David Davis today, they convinced 17 million or so voters that BMW would ensure we could have our cake and eat it too. “The first calling point of the UK’s negotiator immediately after #Brexit will not be Brussels, it will be Berlin, to strike a deal,” announced Davis in May 2016. ...
London mayor blasts council over cut to affordable homes in Battersea revamp image
.... The council caused an outcry last month when it rubber-stamped a move by the developer driving the £9bn revamp of the historic site that cut the number of affordable flats to 386, a 40% reduction from original plans. Citing rising costs and other factors, including Brexit-induced economic uncertainty, which has disrupted the luxury homes market, the developers say they expect to achieve less than half of the original returns. ...
Deadline looming for firms to give Brexit strategies to Bank image
Source : Guardian [Read Article] Saturday 8th of July 2017 03:00:11 PM
. Hundreds of banks, insurers, fund managers and other major City firms have until Friday 14 July to tell the Bank of England how they intend to cope with a hard Brexit. ...
After Andrew Tyrie: the race to become the Commons’ new inquisitor general image
....The prestigious nature of the job is illustrated by the list of candidates – such as Nicky Morgan, sacked as education secretary by Theresa May, and two MPs who sat on the committee under Tyrie’s chairmanship. Morgan is hoping to win the backing of Labour, Liberal Democrat and SNP members for her soft Brexit approach. ...
Electric car revolution: calculating the cost of green motoring image
Source : Guardian [Read Article] Saturday 8th of July 2017 08:00:03 AM
....“The new Coventry factory building the electric black cab [the TX5] is one of the first new car plants for years in the UK. I think there’s a chance, post-Brexit, for the UK to seize on this as an industrial strategy, and to really lead. ...
People want a 'sensible Brexit', says Philip Hammond image
Source : Guardian [Read Article] Friday 7th of July 2017 04:26:44 PM
. Philip Hammond has welcomed an intervention by business leaders who called for an indefinite delay in Britain’s departure from the European single market and customs union and said that people wanted to see a “sensible Brexit”. ...
France steps up effort to woo London banks planning Brexit move image
Source : Guardian [Read Article] Friday 7th of July 2017 02:05:15 PM
. France has stepped up its seduction of banks and other financial institutions considering a move out of London due to Brexit, as the government unveiled a raft of proposals aimed at making Paris more appealing. ...
Fears for UK economy after weaker-than-expected growth reports image
Source : Guardian [Read Article] Friday 7th of July 2017 11:37:06 AM
....A drop in manufacturing output, a slowdown for the construction industry and a widening in Britain’s trade deficit have doused expectations that the Bank of England will raise interest rates over the coming months. The pound dropped sharply against the dollar and euro on Friday after the latest signs that the economic resilience seen after last summer’s Brexit vote has waned. ...
Butter price at all-time high as dairy production curdles image
Source : Guardian [Read Article] Friday 7th of July 2017 11:28:15 AM
....“It’s no surprise that milk buyers are worried about milk volumes falling. Confidence within dairy farming is at an all-time low [due to] mistrust in the market dynamics and suspicion about how milk buyers are treating their supply base, coupled with the lack of direction on the impact of Brexit on the dairy sector. ...
British strawberries could cost 50% more because of Brexit, MPs told image
Source : Guardian [Read Article] Thursday 6th of July 2017 05:27:19 PM
. The price of British strawberries could rise by 50% if ministers fail to plug growing gaps in seasonal labour which are expected to get worse after Brexit, MPs have heard. ...
HOUSE CRISIS WARNING: Higher interest rates could hit London prices, says top estate agent image
....The Bank of England cut rates to 0. 25 per cent last summer in the wake of the Brexit vote. ...
UK business leaders to call for indefinite delay in leaving single market image
....Business leaders are to demand that ministers agree an indefinite delay in Britain’s departure from the European single market and customs union to give more time for talks on a long-term trade deal. In a dramatic escalation of the battle to soften the government’s Brexit strategy, groups representing thousands of UK employers aim to present a united front during a summit at Chevening country house hosted by the Brexit secretary, David Davis. ...
Household income falls at fastest pace for five years  image
Source : Daily Express [Read Article] Thursday 6th of July 2017 03:42:00 PM
.... . The Office for National Statistics (ONS) said the drop was driven by surging inflation as the Brexit-hit pound has sent the cost of imported goods and services soaring. ...

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