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....”. Like most forecasters, PwC was surprised by the resilience of the economy in the six months after the EU referendum in June 2016. ... [Read full article on Guardian ]
Tuesday 18th of July 2017 05:01:11 AM
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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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....For all its fragilities, Viome still offers a lesson in politics to any British visitor. In the year since the EU referendum, Britons have entered an era of bullshit sovereignty. ... [Read full article on Guardian ]
Tuesday 18th of July 2017 06:00:12 AM
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....The thinktank said the report highlighted a country increasingly divided by age, by housing tenure and by inequality – and that all three factors had been important in the shock election result in which Labour gained 30 seats and deprived the Conservatives of an overall majority. 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. ... [Read full article on Guardian ]
Friday 14th of July 2017 11:01:36 PM
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....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. The company buys its wood pellets from North American mills and hedges five years ahead to protect itself, resulting in a gain last June when the pound fell significantly after the EU referendum, and the £65m loss as sterling recouped some of its loss in value. ... [Read full article on Guardian ]
Wednesday 19th of July 2017 09:33:16 AM
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.... “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. ... [Read full article on Guardian ]
Sunday 16th of July 2017 06:13:15 PM
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....Rising inflation has been one of the big economic stories of the past year. The depreciation of sterling after the EU referendum has made the things Britain imports, such as clothes and food, dearer and the cost of living has risen steadily as a result. ... [Read full article on Guardian ]
Tuesday 18th of July 2017 12:40:01 PM
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....City analysts believe there will have been a pause in June in the steady increase in the cost of living to 2. 9% in the 12 months since the EU referendum, but most believe the respite will prove temporary. ... [Read full article on Guardian ]
Monday 17th of July 2017 11:01:03 PM
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....”. Inflation has risen rapidly since the EU referendum in June last year, when the consumer prices index was just 0. ... [Read full article on Guardian ]
Tuesday 18th of July 2017 08:56:34 AM
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Latest Finance News related to EU Referendum

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
....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. The company buys its wood pellets from North American mills and hedges five years ahead to protect itself, resulting in a gain last June when the pound fell significantly after the EU referendum, and the £65m loss as sterling recouped some of its loss in value. ...
Surprise drop in UK inflation is good news for consumers | Larry Elliott image
....Rising inflation has been one of the big economic stories of the past year. The depreciation of sterling after the EU referendum has made the things Britain imports, such as clothes and food, dearer and the cost of living has risen steadily as a result. ...
How could we cope if capitalism failed? Ask 26 Greek factory workers | Aditya Chakrabortty image
....For all its fragilities, Viome still offers a lesson in politics to any British visitor. In the year since the EU referendum, Britons have entered an era of bullshit sovereignty. ...
UK inflation figures will shine light on impact of pound's Brexit slide image
....City analysts believe there will have been a pause in June in the steady increase in the cost of living to 2. 9% in the 12 months since the EU referendum, but most believe the respite will prove temporary. ...
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. ...
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 thinktank said the report highlighted a country increasingly divided by age, by housing tenure and by inequality – and that all three factors had been important in the shock election result in which Labour gained 30 seats and deprived the Conservatives of an overall majority. 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. ...
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
....”. He was referring to the unspecified investment pledges the Japanese car manufacturer got from Theresa May to stay in Sunderland following the EU referendum. ...
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. ...
UK faces tightest squeeze on household incomes for five years image
Source : Guardian [Read Article] Thursday 6th of July 2017 12:57:38 PM
....Households have been hit by a double whammy of slow wage growth and rising inflation. The pound’s weakness since the EU referendum last summer has made imports to the UK more expensive and firms are passing their higher costs on to consumers. ...
What impact is Brexit having on foreign property prices? image
Source : Daily Express [Read Article] Wednesday 5th of July 2017 04:49:00 PM
....As it stands, it is currently more expensive to invest in a foreign property than it was a couple of years ago. This cost climb has primarily been fuelled by the fall in the value of sterling seen last year in the wake of the EU referendum. ...
Brexit fears trigger exodus of crucial EU health and social care workforce | Hélène Mulholland image
.... In 2016, 209,000 people working in the sector in the UK were EU nationals, up from 121,000 in 2009 – a rise of 72% – according to figures from the Office for National Statistics (ONS). But since the 2016 EU referendum, there are tentative signs that when it comes to public sector workers, the UK has lost some of its appeal as a place to live and work. ...
Barclays sees the beak about the bailout image
Source : Guardian [Read Article] Sunday 2nd of July 2017 05:59:20 AM
.... What effect this latest stormy period in British politics will have on the economy will emerge to some extent this week, with the release of the purchasing managers’ index (PMI) data on the services and manufacturing sectors. As the general election did not have the same effect as the EU referendum just over a year ago, there is not likely to have been as sharp a decline, but analysts at Investec think there will still be a drop. ...
Consumer confidence is lowest since Brexit vote aftermath, survey finds image
....Worries about the economic outlook and a squeeze on household budgets dented consumer confidence this month, according to a closely watched survey. The monthly barometer of consumer mood from the market research firm GfK dropped to its lowest level since the aftermath of last summer’s EU referendum. ...
UK in credit splurge despite pay squeeze, Bank figures show image
Source : Guardian [Read Article] Thursday 29th of June 2017 11:37:19 AM
.... Families with the lowest incomes saw the biggest reduction in disposable income. Living standards have been squeezed in recent months because the fall in the value of sterling since last year’s EU referendum, which has pushed annual inflation to 2. ...
London could lose out as ECB seeks control of euro clearing after Brexit image
....The City dominates the market in clearing, a process which is supposed to reduce the risks in complex financial transactions by matching buyers and sellers as well as reducing the cost of trading, through the use of clearing houses. The business has been hotly contested since the EU referendum a year ago, when Xavier Rolet, chief executive of the London Stock Exchange, warned that 100,000 jobs across the UK were at risk if the City lost the ability to process euro-denominated transactions. ...
One year on from Brexit vote: business's winners and losers image
Source : Guardian [Read Article] Thursday 22nd of June 2017 11:01:08 PM
....Britain’s consumers and UK-focused firms are among the biggest losers one year on from the shock Brexit vote that drove the value of the pound to its lowest level in more than 30 years. On the first anniversary of the EU referendum, financial services company Hargreaves Lansdown said clear winners and losers have emerged, with the pound taking the biggest hit on the markets. ...
Brexit economy: UK faces slowdown amid living standards squeeze image
Source : Guardian [Read Article] Thursday 22nd of June 2017 11:01:36 AM
....Writing in the Guardian, the former Bank of England policymaker Andrew Sentance said the squeeze on consumers was being reflected in weaker retail sales. “Brexit discussions have started this week, but the impact of the EU referendum result on most households in the UK has been to squeeze both their incomes and spending,” said Sentance, a senior economic adviser at PricewaterhouseCoopers. ...
Pain without gain: the truth about austerity | Phillip Inman image
Source : Guardian [Read Article] Sunday 18th of June 2017 04:54:09 PM
.... Until just last year, the plan was to cut the deficit to zero by 2020 and start bringing down the debt-to-GDP ratio from this year. The EU referendum vote and Theresa May’s arrival at No 10 changed all that. ...
Tesco says price rises are last resort as UK growth hits seven-year high image
.... The discounters Aldi and Lidl are growing sales at their fastest rate in more than two years, while more shoppers are buying less or switching to cheaper own-label products as prices rise faster than many workers’ wages. Inflation has been increasing steadily since the EU referendum result a year ago, which triggered a sharp drop in the value of the pound and pushed up the cost of imported goods. ...
Bank of England doves right to thwart hawks seeking interest rate rise image
Source : Guardian [Read Article] Thursday 15th of June 2017 01:18:37 PM
....The continued fall in unemployment also meant a tighter labour market and, although the weak pound has put the brakes on consumer spending by making imports dearer, the other side of the coin is that a more competitive currency is helping exports and encouraging businesses to invest. The MPC hawks made the point that the Bank cut rates by a quarter-point to boost the economy after the shock result of the EU referendum last summer, and that given the better than anticipated growth and employment performance since there was now an argument for removing that part of the emergency stimulus package. ...
Bank of England edges closer to increasing UK interest rates image
Source : Guardian [Read Article] Thursday 15th of June 2017 11:11:41 AM
....The pound got some support on Thursday from the prospect of higher interest rates but at $1. 276 it is still down 14% against the dollar when compared with the night of the EU referendum a year ago. ...
UK retail sales dive sparks biggest FTSE 250 fall since last summer image
Source : Guardian [Read Article] Thursday 15th of June 2017 10:13:53 AM
....8% tracking the overall inflation rate, illustrating the decision of most retailers to pass on at least some of the increased cost of imports to consumers. After the EU referendum vote last year the pound plunged by almost a quarter, dramatically increasing the cost of imported goods. ...
Pay squeeze intensifies as wage growth falls further behind inflation image
Source : Guardian [Read Article] Wednesday 14th of June 2017 08:35:03 AM
....When adjusted for inflation, UK employees are now earning £15 less a week after tax and deductions than they were in March 2008, six months before the collapse of Lehman Brothers and the global financial crisis. The latest drop in real wages reflects mounting pressure on household budgets, as the sharp drop in the value of the pound since the EU referendum drives up the cost of goods imported from abroad and feeds through to higher shop prices. ...
Britons feel the squeeze as inflation rises to four-year high of 2.9% image
Source : Guardian [Read Article] Tuesday 13th of June 2017 08:37:27 AM
.... The year-on-year rise in the consumer prices index (CPI) means prices continue to go up faster than wages for many workers, further denting living standards. Inflation has been steadily increasing since the EU referendum result a year ago, which triggered a sharp drop in the value of the pound and pushed up the cost of goods imported from abroad. ...
Moody's warns election result will complicate Brexit talks image
Source : Guardian [Read Article] Monday 12th of June 2017 11:01:40 PM
....Moody’s stripped the UK of its coveted triple A status in 2013 to put it one notch below at Aa1. The rating agency downgraded the outlook on the rating to negative from stable on 24 June last year, the day after the EU referendum. ...
UK household spending falls for first time since 2013 image
Source : Guardian [Read Article] Monday 12th of June 2017 04:30:17 AM
....Economists are worried that the inconclusive result of last week’s snap general election will add to the mood of uncertainty among consumers and businesses alike. That will compound the pressures from the pound’s sharp drop since the EU referendum, which has pushed up the cost of UK imports and stoked inflation. ...
Double whammy for British tourists as pound plunges and prices rise abroad image
....Holidaymakers buying €1,000 can now expect to pay around £879 after sterling dropped as markets reacted to the result of the snap general election. In July 2015, well before the EU referendum in June last year, British travellers visiting Europe could expect to pay about £700 for €1,000 – a difference of almost £200 in two years. ...
OECD: outlook for global economy is ‘better, but not good enough’ image
Source : Guardian [Read Article] Wednesday 7th of June 2017 08:30:00 AM
....“After many years of weak recovery, with global growth in 2016 at the lowest rate since 2009, some signs of improvement have begun to appear,” Mann wrote in the OECD’s latest outlook report. After June’s EU referendum result, the OECD was, like many forecasters, forced to backtrack on its warning that the UK would suffer instant damage from the Brexit vote. ...
The global economy can recover faster if we avoid the obvious pifalls | Nouriel Roubini image
.... Investors’ fears were not borne out, and central banks began to ease their monetary policies; or, in the case of the Fed, put rate hikes on hold. As a third example, one could cite the period after the UK’s EU referendum in June 2016. ...
UK manufacturing in healthy shape despite election uncertainty image
Source : Guardian [Read Article] Thursday 1st of June 2017 05:24:04 PM
.... A reading above 50 signals expansion; below signals contraction. The index (pdf) briefly fell below that watermark after last June’s EU referendum but has now been in growth territory for 10 months. ...
UK comes bottom of G7 growth league as Canada takes lead image
Source : Guardian [Read Article] Wednesday 31st of May 2017 04:28:02 PM
....2%. The sluggish expansion in the first quarter provides 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. ...
Sterling recovers after hung parliament prediction image
Source : BBC [Read Article] Wednesday 31st of May 2017 12:06:08 AM
....According to The Times, the estimates were "met with scepticism by Tory and Labour figures". YouGov's chief executive, Stephan Shakespeare, said the model had been tested during the EU referendum campaign, when it consistently put the winning Leave side ahead. ...
Crossrail 2 hits buffers as uncertainties over Brexit and election take hold image
.... The then chancellor George Osborne duly doled out £80m to get the ball rolling, expecting a hybrid bill in the same parliament. Now, with its champions having gone after the EU referendum, the project’s prospects look bleak. ...
'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. ...

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