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....Net migration is the difference between people coming to the UK for more than a year, and the number of people leaving the UK for a year or more. The ONS report for 2016 includes six months of data following the EU referendum. ... [Read full article on BBC ]
Thursday 25th of May 2017 09:29:15 AM
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....” She said manufacturing and sourcing more locally could help offset the risks in importing goods. “Currency is our biggest challenge,” she said, referring to the fall in value of the pound against the euro and the dollar, which despite recent fluctuations, is down by between 10% and 12% since the EU referendum. ... [Read full article on Guardian ]
Saturday 20th of May 2017 08:00:19 AM
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. Roll the clock back a year and Britain was in the middle of the EU referendum battle. ... [Read full article on Guardian ]
Sunday 21st of May 2017 09:58:53 AM
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....The drop in car production echoed the trend in new car sales, which fell 20% in April compared with a year earlier, as government cuts to subsidies for green cars and a rise in prices hit demand. The UK car industry backed the remain camp in the run-up to the EU referendum and SMMT members are fearful about possible tariffs being imposed on parts imported from the EU after Brexit. ... [Read full article on Guardian ]
Thursday 25th of May 2017 05:01:19 AM
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....There was no growth at all in the first quarter in GDP per head, which adjusts for the size of the population and is generally seen as a better guide to prosperity than mere GDP. The figures provide the latest evidence that the early resilience to the EU referendum result last June is now wearing off as higher inflation puts consumers under pressure. ... [Read full article on Guardian ]
Thursday 25th of May 2017 09:24:06 AM
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.... Employment growth appears to be picking up again after a slowdown in the second half of last year. The numbers in employment were up by over 120,000 in the first quarter of this year – the biggest quarterly increase since the EU referendum. ... [Read full article on Guardian ]
Thursday 25th of May 2017 11:14:25 AM
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Latest Finance News related to EU Referendum

'Workers are being punished by Brexit' – experts debate the data image
Source : Guardian [Read Article] Thursday 25th of May 2017 11:14:25 AM
.... Employment growth appears to be picking up again after a slowdown in the second half of last year. The numbers in employment were up by over 120,000 in the first quarter of this year – the biggest quarterly increase since the EU referendum. ...
Net migration to the UK falls to 248,000 in 2016 image
Source : BBC [Read Article] Thursday 25th of May 2017 09:29:15 AM
....Net migration is the difference between people coming to the UK for more than a year, and the number of people leaving the UK for a year or more. The ONS report for 2016 includes six months of data following the EU referendum. ...
UK economy slows more than expected as inflation hits spending image
Source : Guardian [Read Article] Thursday 25th of May 2017 09:24:06 AM
....There was no growth at all in the first quarter in GDP per head, which adjusts for the size of the population and is generally seen as a better guide to prosperity than mere GDP. The figures provide the latest evidence that the early resilience to the EU referendum result last June is now wearing off as higher inflation puts consumers under pressure. ...
UK car production falls at fastest rate in more than two​-​and​-​a​-​half years image
....The drop in car production echoed the trend in new car sales, which fell 20% in April compared with a year earlier, as government cuts to subsidies for green cars and a rise in prices hit demand. The UK car industry backed the remain camp in the run-up to the EU referendum and SMMT members are fearful about possible tariffs being imposed on parts imported from the EU after Brexit. ...
Ikea seeks to make more products in UK to fend off post-Brexit vote price rises image
....” She said manufacturing and sourcing more locally could help offset the risks in importing goods. “Currency is our biggest challenge,” she said, referring to the fall in value of the pound against the euro and the dollar, which despite recent fluctuations, is down by between 10% and 12% since the EU referendum. ...
Tories receive £50,000 from man questioned by Serious Fraud Office image
Source : Guardian [Read Article] Thursday 18th of May 2017 02:12:09 PM
....The first release of donations by the Electoral Commission for this campaign shows more than £7m has already been donated to all political parties. The Conservatives’ fundraising drive followed concerns that the party’s income had dipped since the EU referendum because pro-remain donors and friends of David Cameron were keeping their chequebooks shut. ...
Royal Mail posts strong rise in profits as parcels improve image
Source : BBC [Read Article] Thursday 18th of May 2017 06:33:54 AM
...."This [fall] reflected the levels of business uncertainty following the EU Referendum and a strong prior year which saw a one-off return of direct delivery volumes," it said. The company is also unlikely to cash in heavily from the upcoming general election, as it admitted the short campaign would mean revenues were likely to be below that seen from mailing sent out during last year's EU referendum and 2015's general election. ...
UK inflation: How could latest figures impact an international property purchase? image
....But how could the uptick in CPI impact anyone planning to make an international property purchase?. UK inflation has been climbing steadily over the last year, with the post-EU referendum depreciation in the pound causing consumer price pressures to exceed the Bank of England’s (BoE) 2 per cent target for the first time in years. ...
Reality Check: What's been going on with pay? image
Source : BBC [Read Article] Monday 15th of May 2017 02:49:56 PM
....In the last few years, low levels of inflation have meant that pay rises have on average outstripped price rises. But inflation has now been boosted, partly by the rising price of imports caused by the falling value of the pound since the EU referendum was called. ...
JP Morgan appears to make good on Brexit threat with new Dublin office image
.... JP Morgan has previously said it needs to be ready for a situation where there is not a deal over passporting – the means by which firms operate seamlessly across the EU – for the UK after Brexit. JP Morgan is being scrutinised because, in the run-up to the EU referendum last June, the bank’s chief executive Jamie Dimon stood alongside the then chancellor, George Osborne, to warn that up to 4,000 roles could be lost. ...
Could this general election be the UK's most expensive? image
Source : BBC [Read Article] Friday 12th of May 2017 12:16:58 PM
....The price tag reflects the scale of the operation to staff tens of thousands of polling stations, process millions of votes and distribute candidates' mailings. The cost of last year's EU referendum was similar. ...
Living abroad? What does the Bank of England rate decision mean for you? image
Source : Daily Express [Read Article] Thursday 11th of May 2017 03:49:00 PM
.... . However, in the almost 12 months since the EU referendum the domestic economy has shown remarkable resilience and defied all the gloomiest forecasts. ...
BAE chair fails to confirm whether staff are loading bombs on to Saudi jets image
....BAE Systems saw a £1. 1bn rise in its sales last year to £19bn, which the company attributed to the fall in sterling following the EU referendum. ...
What impact could the UK general election have on the pound? image
Source : Daily Express [Read Article] Tuesday 9th of May 2017 01:58:00 PM
....A greater Conservative majority would mean less parliamentary opposition to the Brexit-related proposals put forward by the government, which could pave the way for a smoother exit from the European Union. Subsequently, a decisive Conservative win in June is likely to give the pound a boost, potentially sending GBP exchange rates surging to their best levels since the EU referendum last June. ...
Retail sales 'get Easter boost' from food sales in April image
Source : BBC [Read Article] Tuesday 9th of May 2017 07:09:56 AM
....According to official statistics, UK retail sales posted their biggest quarterly fall in seven years in March, as the prices of everyday goods continued to climb. The value of the pound has slumped by around 14% against the dollar since the EU referendum last June, pushing up the price of imported goods. ...
Theresa May to promise price cap on energy bills in Tory manifesto image
.... As the Conservatives pointed out at the time, this will damage investment in energy when it is needed more than ever,” he said. The Lib Dems have also tried to win over consumers by claiming the slump in sterling since the EU referendum is responsible for 5p of the recent increase in the cost per litre of petrol and diesel. ...
City banks could move at least 9,000 jobs from UK due to Brexit image
Source : Guardian [Read Article] Monday 8th of May 2017 04:41:23 PM
. Big banks in the City could shift at least 9,000 roles out of the UK as a result of Brexit, according to a tally of job warnings since the EU referendum. ...
Facebook publishes fake news ads in UK papers image
Source : BBC [Read Article] Monday 8th of May 2017 04:00:25 AM
....Facebook is under fresh political pressure to tackle fake news in the run up to the UK general election. Meanwhile, a BBC Panorama investigation to be broadcast later on Monday has found the social network played a decisive role in both the US election and Britain's EU referendum last year. ...
Robotics, AI​​ and 3D printing could close UK's productivity gap image
....”. Maier, a firm supporter of the remain campaign in the run-up to the EU referendum, has quickly become the go-to expert on the future of British industry. ...
'Brexit boom' creates record number of UK billionaires image
Source : Guardian [Read Article] Sunday 7th of May 2017 12:20:36 PM
....The annual rich list showed that the wealthiest 1,000 individuals and families in Britain have combined wealth of £658bn, up from £575bn last year, despite fears that the Brexit vote last June would plunge the economy into a fresh turmoil. “While many of us worried about the outcome of the EU referendum, many of Britain’s richest people just kept calm and carried on making billions,” said Robert Watts, the compiler of the rich list. ...
Rich List 2017: UK's super-rich carry on making billions image
Source : BBC [Read Article] Sunday 7th of May 2017 12:04:04 AM
....The list includes a record number of British billionaires - 134 - with 14 new ones emerging over the last year. List compiler Robert Watts said: "While many of us worried about the outcome of the EU referendum, many of Britain's richest people just kept calm and carried on making billions. ...
The Guardian view on the Bank of England: independence and accountability | Editorial image
....The Bank is now in the strange position where it is both stronger and more vulnerable than it has ever been. The criticism aimed at Mark Carney, the Bank’s governor, for his comments during the Scottish and EU referendums are merely a foretaste of what it can expect if another crisis erupts in the next few years. ...
Buy a home, get a car free: offers galore as London estate agents struggle to sell image
....House prices have begun to fall nationally – Nationwide said typical prices fell in both March and April – and the steepest drops have been seen in London. Land Registry figures show that in the heart of the city’s financial district, average property prices plummeted from £861,000 at the time of the EU referendum to £773,000 in February, a decline of 15%, although in London’s outer boroughs prices are still up over the year. ...
JP Morgan to move hundreds of jobs out of UK due to Brexit image
Source : Guardian [Read Article] Wednesday 3rd of May 2017 11:36:23 AM
....The exact scale of the JP Morgan moves has not yet been finalised, although it is thought that between 500 and 1,000 could be relocated. In the run-up to the EU referendum, JP Morgan’s chief executive, Jamie Dimon, warned that up to 4,000 roles would be at risk in the event of a vote to leave. ...
UK holiday parks hope for staycation boom as pound slides image
Source : Guardian [Read Article] Tuesday 2nd of May 2017 06:01:20 AM
....67bn, according to research by Ortus Secured Finance. Sterling’s 13% slump against the US dollar and 9% drop against the euro since the EU referendum vote last June has also made holidaying at home more attractive, as the pound’s weakness bumps up the cost of foreign travel. ...
UK GDP growth slower than expected as inflation bites image
Source : Guardian [Read Article] Friday 28th of April 2017 02:33:56 PM
....“A period of this length over which earnings have fallen is unprecedented in modern times. They had started to recover a little between 2014 and 2016, but rising inflation linked to the fall in the value of the pound since the EU referendum has put a stop to that modest recovery,” said IFS senior research economist Jonathan Cribb. ...
Andrew Tyrie to stand down as Conservative MP after 20 years image
Source : Guardian [Read Article] Tuesday 25th of April 2017 05:33:38 PM
....In his seven-year stint overseeing the all-group, Tyrie had tart exchanges with Osborne over his failure to provide a detailed breakdown of the winners and losers from budget decisions and – as chair of the liaison committee – nettled Cameron with questions over the government’s bombing campaign in Syria. Chilcot was grilled over his report into Blair’s decision to go to war in Iraq, while Carney, the governor of the Bank of England, was taken to task last year over his comments during the EU referendum. ...
Duke of Westminster's £12bn property firm hit by London slump image
Source : Guardian [Read Article] Tuesday 25th of April 2017 05:00:42 PM
.... Preston said the sale of expensive London homes was “well-timed” as the company expects the top end of the market to decline further. “At the top end of the market, we saw (and made sales ahead of) more evidence of falling prices, caused in part by higher stamp duty and a mood of general uncertainty in the run-up to the UK’s EU referendum in June and thereafter,” Preston said. ...
Theresa May promises personal tax allowance will go up to woo working-class voters image
....Mrs May will make a whistle-stop tour of Wales today in a bid to promote her Brexit position to the country which voted out. Leave won the EU referendum campaign in Wales with 854,572 (52. ...
Costa Coffee owner welcomes plan for 'barista visas' after Brexit image
Source : Guardian [Read Article] Tuesday 25th of April 2017 12:20:58 PM
.... It has introduced a deal for a £1 bacon roll if it is bought with a coffee at breakfast time, with new salads to be added to the menu in the summer and hot food in the autumn. The company has also negotiated new supplier deals, as the slide in sterling has pushed up the cost of imported materials since the EU referendum, as part of a £150m cost efficiency programme. ...
The doom-mongers got it wrong: the centre is holding in Europe | Joris Luyendijk image
.... And many parts of the EU and eurozone economy have not looked this healthy in years or even decades. Europe is not out of the woods, but it is not about to go up in flames either, let alone, to quote the Daily Mail on the day of the EU referendum, “broken” and “dying”. ...
Now on sale: Jimmy Choo (the whole company) image
Source : Guardian [Read Article] Monday 24th of April 2017 08:25:28 AM
.... Men’s shoes remain its fastest-growing category and account for 9% of revenue. The company has benefited from the drop in sterling since the EU referendum and is expanding in China. ...
Inflation puts the brakes on Britain's economic activity image
Source : Guardian [Read Article] Monday 24th of April 2017 06:00:04 AM
.... The work and pensions minister, Damian Green, said on Sunday that the Conservative party’s election manifesto would focus on the Brexit negotiations and domestic concerns such as strengthening the economy. The negative effects of sterling’s slide since the EU referendum appear to be outweighing the positive effects – a boost to exports. ...
Virgin Money chief: 'I have battled with mental health all my life' image
Source : Guardian [Read Article] Thursday 20th of April 2017 04:15:42 PM
....She was also a vocal supporter of the Remain campaign, but she insists she is not now a “remoaner”. While Virgin’s shares lost a third of their value in the immediate aftermath of the EU referendum, they have since regained much of that dip and are back above their float price. ...
George Osborne: history will not be kind to a man whose flaws led to Brexit image
....This time it didn’t work. In part, that was because the EU referendum was an opportunity to protest about low pay, welfare cuts and stagnant living standards. ...
RBS stake may be sold at a loss, chancellor admits image
Source : BBC [Read Article] Tuesday 18th of April 2017 11:01:26 PM
.... . George Osborne understood this and sold down a stake at a loss in the last parliament and would have continued had it not been for the eurozone crisis sending shares crashing to REALLY unpalatable levels and the emergence of new political priorities like the EU referendum. ...
FTSE 100 suffers worst day since Brexit vote after May calls election image
Source : Guardian [Read Article] Tuesday 18th of April 2017 05:11:25 PM
.... However, we have felt for a while that the pound would rally. The devaluation that has taken place since the EU referendum has left sterling looking undervalued. ...
Banks cracking down on lending after borrowing binge, survey finds image
Source : Guardian [Read Article] Thursday 13th of April 2017 12:53:17 PM
....But the prospect of households having less access to cash to spend will add to concerns that economic growth will slow this year. Consumer spending has been the main driver of the robust growth that has defied gloomy forecasts from economists since the EU referendum. ...
UK firms 'struggling to recruit staff' image
Source : BBC [Read Article] Thursday 13th of April 2017 01:07:25 AM
...." . A government spokesman told the BBC: "The UK economy has shown sustained momentum since the EU referendum and it's encouraging to see continued investment and growth in important sectors like manufacturing and services. ...
Brexit vote site may have been hacked, MPs say in report image
Source : BBC [Read Article] Wednesday 12th of April 2017 10:55:39 AM
. A voter registration site that crashed in the run-up to last year's EU referendum could have been targeted by a foreign cyber attack, MPs say. ...
Scottish economic output falls by 0.2% image
Source : BBC [Read Article] Wednesday 5th of April 2017 12:20:57 PM
....Reacting to the figures, the Scottish government said the impact of the Brexit vote contributed to lower growth in Scotland last year. Finance Secretary Derek Mackay said: "Before the EU referendum, the UK government told us Brexit will make us 'permanently poorer'. ...
McCarthy & Stone blames Brexit for tumbling profits image
Source : BBC [Read Article] Wednesday 5th of April 2017 07:05:36 AM
. Retirement home builder McCarthy & Stone is forecasting a stronger second half after blaming the EU referendum for a 25% slump in interim profits. ...
Brexit: Theresa May suggests free movement extension image
Source : BBC [Read Article] Wednesday 5th of April 2017 02:32:01 AM
.... . The rhetoric and slogans of the EU referendum and its aftermath have passed - now Mrs May and her ministers are preparing the ground for the give-and-take and compromises involved in their mission to deliver success and stability outside the EU. ...
Asos chief says warehouse conditions are 'great' despite complaints image
Source : Guardian [Read Article] Tuesday 4th of April 2017 05:13:48 PM
....2m in the six months to 28 February as the business benefited from a 54% rise in sales overseas, with particularly strong growth in Australia and Russia. The devaluation of the pound after the EU referendum helped exports which now make up 60% of the group’s sales. ...
Online retailer Asos sees exports boosted by weak pound image
Source : BBC [Read Article] Tuesday 4th of April 2017 07:32:22 AM
....Online fashion retailer Asos has seen a jump in half-year profits and sales driven by an "accelerated international performance". The company said the fall in sterling since the EU referendum, had boosted exports, enabling it to cut prices. ...
Brexit top risk for UK bosses but fears of impact receding – poll image
Source : Guardian [Read Article] Monday 3rd of April 2017 06:00:15 AM
.... Just over a quarter of CFOs told Deloitte they thought now was a good time to take risk on to their balance sheets, up from 21% in the latter part of last year and 8% after the referendum. This compares with 51% 12 months before the EU referendum. ...
Isa rates halved since Brexit vote and eroded further by inflation image
Source : Guardian [Read Article] Saturday 1st of April 2017 06:00:17 AM
.... This compares with £22bn a decade ago. Laith Khalaf, a senior analyst at Hargreaves Lansdown, says: “Since the EU referendum, interest rates and inflation have headed in opposite directions, putting even more of a squeeze on cash savers. ...
Sterling’s fall lifts UK exports, figures show image
Source : Guardian [Read Article] Friday 31st of March 2017 04:15:49 PM
....co/qHuKDoSKcr. The ONS said the improvement was mainly due to the sharp narrowing of the trade deficit, or the gap between exports and imports, which in turn was boosted by the fall in the pound since the EU referendum. ...
UK households’ savings fall to record low in warning sign for economy image
....3% in February, the highest rate for more than three years. Inflation is expected to rise further to about 3% in the coming months as the sharp fall in the value of the pound since the EU referendum increasingly feeds through to higher shop prices. ...
New John Lewis boss warns of further job cuts and price rises image
Source : Guardian [Read Article] Thursday 30th of March 2017 05:11:10 PM
....“Customers are feeling a little less certain of their financial security and that is starting to come through in our conversations [with them],” she said, adding this was likely to continue throughout this year. Nickolds said the 16% decline in the value of the the pound since the EU referendum had resulted in “a dramatic impact on input pricing”. ...
Leading City firms begin to lay groundwork for London jobs exodus image
Source : Guardian [Read Article] Thursday 30th of March 2017 01:06:02 PM
....JP Morgan is in talks to acquire a site in Dublin’s Capital Dock from the developer Kennedy Wilson and the National Asset Management Agency, which was created by the Irish government after the financial crisis to buy property loans from banks. Jamie Dimon, chief executive of JP Morgan, said before the EU referendum last June that the bank could be forced to move as many as 4,000 jobs from the UK if the country voted to leave. ...
Markets 'shrug off' Article 50 letter image
Source : BBC [Read Article] Wednesday 29th of March 2017 07:29:56 AM
The Trump bump for shares is dented – but watch where the oil price goes | Nils Pratley image
.... It would be equally true to say that, in financial terms, a £20m fine will be lost in the wash of raw sewage. “Looking forward, the EU referendum has created uncertainty for the UK economic outlook and we remain cautious on the outlook for France,” says Véronique Laury, the chief executive of Kingfisher, which owns B&Q and Screwfix. ...
Tesco pulls Sol, Amstel and Tiger from shelves in Brexit price row image
Source : Guardian [Read Article] Wednesday 22nd of March 2017 03:07:10 PM
....2%. The higher-than-expected duty rise, coupled with increased costs for bottles, packaging and fuel because of the pound’s slump since the EU referendum, is understood to be behind the Heineken’s decision to ask for higher prices. ...
Screwfix boosts Kingfisher's profits image
Source : BBC [Read Article] Wednesday 22nd of March 2017 09:18:25 AM
....The DIY retailer also trades as Castorama and Brico Depot in France, where sales were much weaker. Despite the rise in profits, Ms Laury warned: "Looking forward, the EU referendum has created uncertainty for the UK economic outlook and we remain cautious on the outlook for France, especially in light of the forthcoming presidential elections. ...
UK wages will soon lag behind prices – will the Bank take action? | Larry Elliott image
....In truth, of course, Carney is more concerned about inflation than his apparent nonchalance would suggest. A combination of a rebound in oil prices and the fall in the pound since the EU referendum has resulted in a steady increase in inflation since the middle of last year, and there are more price rises in the pipeline. ...
London 'cheaper than New York or Tokyo' after pound's Brexit plunge image
Source : Guardian [Read Article] Tuesday 21st of March 2017 07:00:07 AM
....London has become the cheapest of the world’s major global centres, with the cost of living falling behind that of New York, Paris and Tokyo to its lowest level for two decades. The city’s tumble down the Economist Intelligence Unit (EIU) world rankings is almost entirely due to the Brexit-inspired 15% fall in the value of sterling since the EU referendum last year. ...
Jamie Oliver to launch new show as part of deal with Channel 4 image
Source : Guardian [Read Article] Monday 20th of March 2017 03:41:50 PM
....Oliver started his TV career at the BBC with The Naked Chef in 1999, before defecting to Channel 4 in 2002 to make Jamie’s Kitchen. He blamed lower footfall, the cost of staff training and the higher costs of importing luxury ingredients in a tough market following the EU referendum result for the recent closure of six Jamie’s Italian outlets which affected about 120 employees. ...
Article 50: Theresa May to trigger Brexit process next week image
Source : BBC [Read Article] Monday 20th of March 2017 11:39:42 AM
.... shatters beyond repair any notion or position that the Prime Minister is seeking a UK-wide agreement. "For nine months since the EU referendum, there has been no attempt by the UK government to seek a meaningful discussion or agreement with the devolved administrations. ...
US raises benchmark interest rate by 0.25% image
Source : BBC [Read Article] Wednesday 15th of March 2017 06:29:37 PM
.... And yet among these three it is only the Federal Reserve in the US that has taken the anti-inflation step of raising its interest rates from record lows. In the UK, the Bank of England expects inflation to rise above the target due to the decline in the pound after the EU referendum. ...
The Scottish economy has strengths – but could it make a success of independence? | Larry Elliott image
....Convincing the Scottish people that they would be better off after independence proved beyond Alex Salmond in 2014. Project Fear failed to deliver for David Cameron in the EU referendum last June but it did the trick in Scotland 21 months earlier. ...
Brexit is about to get real. Yet we are nowhere near ready for it | Jonathan Freedland image
....This failure to wrestle with what’s coming goes wider. The public conversation since 23 June 2016 has barely differed from the debate before that date, each side – leave and remain – still refighting the EU referendum campaign, uncertain how to get out of the old groove. ...
Budget 2017: manifesto row clouds chancellor's attempt at low-key package image
....7bn stimulus to an economy Hammond said had continued to “confound the commentators with robust growth” but he hinted at further measures in the autumn statement. “The deficit is down but debt is still too high,” the chancellor said as he banked a one-off windfall from stronger-than-expected tax receipts since the EU referendum. ...
George Osborne to be paid £650,000 for working one day a week image
Source : Guardian [Read Article] Wednesday 8th of March 2017 06:34:36 PM
....He was criticised for taking the job earlier this year, because BlackRock may have benefited from reforms to pension rules made while he was chancellor. The Tory MP, who was sacked last July by the prime minister, Theresa May, following the EU referendum, will make the equivalent of £13,000 per day as an adviser to BlackRock, in addition to being eligible for share rewards. ...
Philip Hammond keeps his powder dry with a 'boring' budget | Larry Elliott image
....Given the government’s commanding lead in the opinion polls, only pronounced weakness in the economy would have forced Hammond to provide a major fiscal boost through tax cuts and spending increases. But growth has surprised on the upside since the EU referendum last June, with the result that the Office for Budget Responsibility has revised up its forecast for 2017 from 1. ...
Get ready for food inflation to take a bite out of growth | Vicky Pryce image
Source : Guardian [Read Article] Wednesday 8th of March 2017 12:37:50 PM
. The better-than-expected performance of the UK economy over 2016, particularly since the EU referendum, has been welcomed but is very unbalanced. ...
Foxtons sees property sales plunge as Brexit vote hits image
Source : BBC [Read Article] Wednesday 8th of March 2017 08:06:35 AM
.... . "Last year's London property market was severely impacted by an unprecedented sequence of events with changes to stamp duty and the EU referendum vote leading to a substantial reduction in property sales transactions, especially in central London," said chief executive Nic Budden. ...
Vauxhall takeover: Peugeot boss says no plans to shut plants image
Source : BBC [Read Article] Tuesday 7th of March 2017 10:34:22 AM
....Mr Tavares painted a positive picture of the future for the merged company, suggesting sharing assets and expertise and introducing new internal benchmarking at Opel-Vauxhall would improve performance. He said that Opel-Vauxhall could have broken even last year if it had not been for the fall in the value of sterling following the EU referendum vote. ...
In the Vauxhall towns, workers view PSA takeover with unease image
Source : Guardian [Read Article] Monday 6th of March 2017 06:59:58 PM
Budget 2017: The misplaced confidence of the British consumer image
.... And it sums up one of the challenges facing the Chancellor, Philip Hammond, as he prepares for Wednesday's Budget. Consumer confidence appears to be rock-solid, defying gloomy pre-EU referendum predictions that people would rein in spending. ...
GM set to announce Opel and Vauxhall sale on Monday image
Source : BBC [Read Article] Sunday 5th of March 2017 12:03:33 PM
....The two companies already share some production and confirmed last month they were in talks. Opel had hoped to return to profitability by 2016, but the slide in sterling following the EU referendum last June contributed to its 257m euros annual loss. ...
Creative sector fills UK coffers as money pours into film and TV production image
....At a time when the British economy is looking for leadership, step forward Darth Vader, Adele and Queen Victoria. One of the reasons GDP growth has stayed robust since the EU referendum is the UK’s creative sector, which has produced buoyant box office receipts thanks to Star Wars, healthy sales of Adele’s latest album and global demand for homegrown TV productions such as Victoria. ...
LSE chief says he'll stay as EU looks set to block Deutsche Börse merger image
....The rationale for the “industry-defining” tie -up was as justifiable as when it was announced a year ago, Rolet said. Announced just months before the EU referendum, the third attempt at merger between the two exchanges was controversial from the outset as it gives Deutsche Börse 54% ownership of the enlarged business but puts its headquarters in London. ...
Unite blames Brexit as Ford prepares to cut 1,160 Welsh jobs image
Source : Guardian [Read Article] Wednesday 1st of March 2017 05:57:25 PM
....”. Sources familiar with the firm’s plans said the decision was not affected by Brexit, despite the fact that Ford has previously warned that the EU referendum decision could cost the company $1bn (£810m) and force it to cut costs. ...

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