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.... They are four times as likely to rent privately than two generations ago, a sector which has the worst record for housing quality, the report claims. The report’s authors argue that the housing crisis is a huge part of public anxiety about the country’s direction, a factor in the result of the EU referendum last year and in the general election in June. ... [Read full article on Guardian ]
Tuesday 19th of September 2017 11:01:30 PM
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.... in 2009 they were cut to 0. 5% and left there until shortly after last year’s EU referendum when they were shaved further – this time to 0. ... [Read full article on Guardian ]
Monday 18th of September 2017 05:26:02 PM
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....“It was always anticipated that inbound tourism would see a material pick up in 2017 thanks to the sharp devaluation of sterling, though the terrorist attacks in London undoubtedly deterred some visitors,” he said. A surge in numbers throughout the year has buoyed Britain’s tourism and services industries, at a time when uncertainty created by the EU referendum has damaged the confidence of UK consumers and businesses. ... [Read full article on Guardian ]
Friday 22nd of September 2017 09:18:13 AM
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....5%, during a difficult time in the grocery market. Traditional grocers have come under pressure from the fast-expanding discounters Aldi and Lidl as shoppers have looked to save money in the face of inflation fuelled by the fall in the value of the pound since the EU referendum. ... [Read full article on Guardian ]
Thursday 21st of September 2017 11:09:46 AM
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Latest Finance News related to EU Referendum

UK draws record overseas tourists after pound's Brexit plunge image
Source : Guardian [Read Article] Friday 22nd of September 2017 09:18:13 AM
....“It was always anticipated that inbound tourism would see a material pick up in 2017 thanks to the sharp devaluation of sterling, though the terrorist attacks in London undoubtedly deterred some visitors,” he said. A surge in numbers throughout the year has buoyed Britain’s tourism and services industries, at a time when uncertainty created by the EU referendum has damaged the confidence of UK consumers and businesses. ...
Co-op profits fall as it offloads final stake in bank image
Source : Guardian [Read Article] Thursday 21st of September 2017 11:09:46 AM
....5%, during a difficult time in the grocery market. Traditional grocers have come under pressure from the fast-expanding discounters Aldi and Lidl as shoppers have looked to save money in the face of inflation fuelled by the fall in the value of the pound since the EU referendum. ...
Millennials spend three times more of income on housing than grandparents image
Source : Guardian [Read Article] Tuesday 19th of September 2017 11:01:30 PM
.... They are four times as likely to rent privately than two generations ago, a sector which has the worst record for housing quality, the report claims. The report’s authors argue that the housing crisis is a huge part of public anxiety about the country’s direction, a factor in the result of the EU referendum last year and in the general election in June. ...
Prospect of interest rate rise sends pound back to level of Brexit result day image
....But even though expectations of a rise drove the pound higher, to $1. 36, it remains almost 10% lower than on the day the polls closed on 23 Junelast year, the day of the EU referendum. ...
Next softens doom and gloom forecasts despite fall in profits image
Source : Guardian [Read Article] Thursday 14th of September 2017 08:32:17 AM
....Wolfson, a prominent Vote Leave campaigner whose views on the economy are closely watched, also predicted that Brexit-related price rises would come to an end next year. It had previously warned customers that its prices would rise by about 5% in 2017, as the collapse in the value of the pound since the EU referendum made imported goods and services more expensive. ...
Tory EU migration crackdown plans: the key questions answered image
Source : Guardian [Read Article] Saturday 9th of September 2017 03:00:11 PM
.... Last week employers voiced their dismay at restrictions on both the skilled and unskilled. Farmers were joined by all the major business lobby groups, which want more of an open-door policy than the government’s interpretation of the EU referendum vote appears to allow. ...
UK economy 'treading water' as eurozone stretches ahead, says BCC image
Source : Guardian [Read Article] Friday 8th of September 2017 05:01:30 AM
....Suren Thiru, head of economics at the BCC, said: “The changes to our growth forecast suggest that the UK economy is likely to remain on a low-growth trajectory. “It is increasingly clear that the post-EU referendum slide in the value of sterling has done more harm than good. ...
Transition deal keeping UK in EEA is worst of all worlds, says David Davis image
Source : Guardian [Read Article] Thursday 7th of September 2017 06:31:43 PM
....”. Nicky Morgan, the former education secretary and another prominent backbench warning voice on Brexit, rejected the argument by some of her fellow MPs that seeking to amend the withdrawal bill amounted to frustrating the verdict of last year’s EU referendum. ...
Theresa May under growing pressure to lift public sector pay cap image
Source : Guardian [Read Article] Wednesday 6th of September 2017 11:01:44 PM
....Inflation stood at 2. 6% in July and is expected to rise to 3% in the coming months since the slump in sterling following the EU referendum last year, which has pushed up the cost of imported goods. ...
Leaked immigration plans ‘catastrophic’ for industry, say employers image
Source : Guardian [Read Article] Wednesday 6th of September 2017 11:16:38 AM
.... “The EU method of immigration and migration was unsustainable and was undemocratic, even though you have definitely benefited from the eastern Europeans, in particular, who have come over here in the last decade or so,” he added. The EU referendum and Britain’s increasingly hostile stance to European workers is already having an effect on employment figures. ...
Factory and retail sales climb despite fears of Brexit slump image
Source : Guardian [Read Article] Monday 4th of September 2017 11:01:25 PM
.... There was also weak growth in retail sales in July, according to the Office for National Statistics. The slump in the pound – by more than 16% since the EU referendum last summer – has led to higher prices on the high street as the cost of goods imported from overseas increases on a relative basis. ...
Why economic forecasting has always been a flawed science image
Source : Guardian [Read Article] Saturday 2nd of September 2017 06:00:07 AM
....This revelation, made about 40 years ago, is a crucial one and yet it has been largely forgotten or ignored. One of the most striking comments before the EU referendum was from Michael Gove. ...
Rapid rise in personal borrowing is cooling, says Bank of England image
Source : Guardian [Read Article] Wednesday 30th of August 2017 11:19:35 AM
.... The growth rate was a little weaker than in recent months, when the pace of expansion was above 10%. Spending by British consumers is growing at the weakest rate in almost three years, as households come under pressure to tighten their belts from higher prices fuelled by a drop in the value of the pound since the EU referendum. ...
How can small businesses beat the Brexit blues? image
Source : Guardian [Read Article] Tuesday 29th of August 2017 11:55:12 AM
....Bobby Lane, head of business development and outsourcing at Shelley Stock Hutter, says that you should mind your currency. Lane saw the initial panic when the EU referendum result came in, but now he sees a more “roll your sleeves up” attitude prevailing. ...
Slowdown in London house price growth ebbs as Bristol sees steep fall image
Source : Guardian [Read Article] Thursday 24th of August 2017 11:01:33 PM
....”. British consumers are coming under pressure from a dive in the value of the pound following the EU referendum, leading to higher prices for food and clothing, which are rising at a faster pace than wages. ...
£1bn dent in cash Isas as household budgets pressure lowers saving and spending  image
Source : Daily Express [Read Article] Thursday 24th of August 2017 03:43:00 PM
...." . Meanwhile, the number of mortgage approvals for house purchase, at 41,587, was 9 per cent higher in July than a year earlier, reflecting a slow period around last year's EU referendum, UK Finance said. ...
Quantitative easing is like heroin, says former Treasury official image
Source : Guardian [Read Article] Monday 21st of August 2017 12:50:12 PM
.... On Monday, he said it was “time to move on” from QE, which is credited with helping Britain into recovery but remains in use nine years later amid concerns over Brexit. Threadneedle Street initially began pumping £200bn into the gilt market in 2009 to boost the economy, before expanding the programme to £435bn, including an extra £60bn following the EU referendum. ...
Weaker sterling attracts record number of foreign tourists to UK image
Source : Guardian [Read Article] Friday 18th of August 2017 04:16:40 PM
. Sterling’s plunge after the EU referendum is making Britain more attractive for foreign holidaymakers, resulting in a record number of overseas visitors in June. ...
Rising inflation leads to sales falls in all UK retail sectors apart from food image
....The number of people cutting down on household spending is at the highest level for two years, as more than half of Britons said they looked to lower expenditure in the second quarter of 2017, according to Nielsen’s latest Global Survey of Consumer Confidence and Spending Intentions. The market research firm found consumer confidence has fallen sharply since the EU referendum, with the UK slipping from the second most confident country in Europe, behind only Denmark, to ninth place. ...
UK pay growth picks up as unemployment rate falls again image
Source : Guardian [Read Article] Wednesday 16th of August 2017 08:36:46 AM
.... Male employment was at a level not seen since 1991, while female employment was at the highest rate since 1971. The ability of the economy to generate new jobs contradicts warnings by the Treasury before last year’s EU referendum that a vote to leave would lead to a sharp rise in the jobless total. ...
Rail fare increase signals light at the end of the tunnel for UK inflation image
....Rising prices have been one of the big economic stories of the past 12 months, but for the past two months the financial markets have been surprised by the weakness of cost-of-living pressures. The reason for that is simple: the two factors that have been driving inflation higher since the summer of 2016 – higher global oil prices and the sharp fall in the value of sterling after the EU referendum – have almost washed through the system. ...
Boom or bust: what’s the truth about UK house prices? image
Source : Guardian [Read Article] Saturday 12th of August 2017 03:00:48 PM
.... Half the buy-to-let transactions in the UK are accounted for by London, and these have fallen sharply since the introduction of new stamp duty rules in April 2016. The previous jump in prices in the years leading up to the EU referendum had meant home ownership was simply too expensive for those working in the capital, so some form of market correction was inevitable. ...
UK trade deficit widens as fall in sterling fails to improve export sales image
Source : Guardian [Read Article] Thursday 10th of August 2017 03:13:41 PM
....The figures are the latest sign that a weak pound is failing to boost exports, despite making British goods cheaper abroad. The pound is 13% lower against the dollar than it was on the day of the EU referendum, at $1. ...
The experts strike back! How economists are being proved right on Brexit | Barry Eichengreen image
.... My favourite quote is from Michael Gove, Britain’s environment secretary. Just before the EU referendum in June last year, Gove, then justice secretary in David Cameron’s government, dismissed the all-but-unanimous view of economists and others that a decision to leave the EU would deeply damage the British economy. ...
'Political uncertainty' blamed for slowdown in UK property market image
Source : Guardian [Read Article] Thursday 10th of August 2017 05:01:28 AM
.... “Near-term price expectations continue to signal a flat trend over the coming three months at the headline level. Over the next 12 months, respondents remain more optimistic, with a net balance of +28% anticipating an increase in prices, albeit this was the least positive reading since last July, at the time of the EU referendum results. ...
How Britain fell out of love with the free market image
Source : Guardian [Read Article] Friday 4th of August 2017 05:00:34 AM
....Since Thatcher’s election in 1979, Conservative and Labour governments have privatised and deregulated, reduced taxes for business and indulged its excesses, opened up the economy to foreign capital and commercialised the national psyche, until Britain became one of the world’s most thoroughly neoliberal societies. And yet, at last year’s EU referendum, the votes of those “left behind” by all this played an unexpectedly pivotal role. ...
Brexit is putting firms off giving pay rises, says Bank of England image
Source : Guardian [Read Article] Thursday 3rd of August 2017 11:13:47 AM
....Carney’s account of what firms had been saying to Bank officials on pay and Brexit uncertainty may upset leave supporters. The governor drew criticism in the run-up to the EU referendum when he said there was a risk a vote for Brexit could spark a recession and raise unemployment. ...
UK economy is about to surge back to life, says leading forecaster image
Source : Guardian [Read Article] Tuesday 1st of August 2017 11:01:30 PM
....A rise in business investment and productivity would spur a broad-based recovery that would allow the central bank to at least reverse the emergency cut last August. It said: “This rate increase should not be seen as a tightening in policy, but instead as a modest withdrawal of some of the additional stimulus that was injected into the economy after the 2016 EU referendum. ...
Brexit border chaos will cause huge delays and cost £1bn a year, says report image
....An HMRC spokesman said the new system was “on track for delivery by January 2019”. “We took the decision to bring in a new declaration system before the EU referendum, but the service remains fully capable of dealing with how the UK’s exit from the EU will impact on customs declarations at the border. ...
Foxtons blames economic uncertainty as profits plunge by 64% image
Source : Guardian [Read Article] Thursday 27th of July 2017 09:25:24 AM
....Britain’s housing market has slowed sharply since last June’s vote to leave the EU, when prices were growing by almost 10% a year. The UK’s third-largest housebuilder, Taylor Wimpey, said earlier that it believed the risk of material impact on the market from the EU referendum in the short term has significantly reduced. ...
UK film industry on a roll as it helps keep economy growing image
Source : Guardian [Read Article] Wednesday 26th of July 2017 02:44:53 PM
.... This investment has rocketed due to a film-style tax credit introduced in 2013 for shows costing at least £1m an episode. The slide in the value of the pound following the EU referendum has added an extra carrot luring foreign film and TV production investment into the UK. ...
Bank of England warns of complacency over big rise in personal debt image
Source : Guardian [Read Article] Monday 24th of July 2017 05:40:59 PM
.... In expanding the supply of credit, they may be placing undue weight on the recent performance of credit cards and loans in benign conditions,” Brazier said. The willingness of consumers to take on more debt to fund their spending helped the economy grow strongly in the six months after the EU referendum, a period when the Bank expected growth to fall sharply. ...
Shrinking sweets? 'You're not imagining it,' ONS tells shoppers image
Source : Guardian [Read Article] Monday 24th of July 2017 11:30:41 AM
....But it said there was “no discernable effect” on inflation because food and drink was a relatively small part of the basket of goods and services that is tracked to gauge overall changes in the cost of living. But the ONS said that so far there was no evidence that the Brexit vote was to blame for size changes, and pointed out that shrinkflation pre-dated the EU referendum. ...
Brexit economy: sterling fall hits public finances and fails to boost trade image
. The sharp fall in sterling triggered by the EU referendum result is having an adverse effect on Britain’s already weak public finances but has yet to bring about the expected improvement in the trade deficit, a Guardian analysis of the economic news of the past month shows. ...
IMF cuts 2017 growth forecasts for UK and US image
Source : Guardian [Read Article] Monday 24th of July 2017 04:45:27 AM
....The International Monetary Fund has cut its growth forecast for the UK economy this year after a weak performance in the first three months of 2017. In its first downgrade for the UK since the EU referendum in June last year, the IMF said it expected the British economy to expand by 1. ...
Yes, the gender pay gap rules are flawed. But they’re the best hope of making things better image
.... The late 1980s boom and the first Gulf war saw inflation hit 11% in 1990, while the long boom that followed Black Wednesday never saw inflation rise above 5%. Even if there is a bit more to come from the depreciation of sterling since the EU referendum, the next peak will not be much higher than 3%. ...
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. ...

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