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....If you're a pessimist, this is proof that the gloomy Brexit predictions are coming true. The drop in the pound drove up the cost of imports and that's feeding through to rising inflation (latest figure is 2. ... [Read full article on BBC ]
Friday 28th of April 2017 08:32:58 AM
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....Mr Trump's blueprint is not expected to include any proposals for raising new revenue. The much-discussed border tax that would put a tariff on imports - favoured by House Speaker Paul Ryan - will not be in the plan. ... [Read full article on BBC ]
Wednesday 26th of April 2017 12:20:53 PM
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....But, compared with the day of last June’s referendum, the pound is still down 14% against the US dollar and 10% against the euro. That weakness is now making itself felt in the real economy as imports become more expensive and shoppers are paying higher prices for a whole range of goods and services, from food to fuel. ... [Read full article on Guardian ]
Tuesday 25th of April 2017 10:38:58 AM
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....Donald Trump’s commerce secretary, the billionaire dealmaker Wilbur Ross, is beginning to put the president’s America First campaign mission into practice. Trump may have fronted the announcement of an investigation into whether foreign imports of steel compromise US national security, but for Ross the ruinous impact of cheap imports is a wound that he has struggled to close for almost two decades. ... [Read full article on Guardian ]
Sunday 23rd of April 2017 06:00:05 AM
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....12%. The US Commerce Department valued softwood lumber imports from Canada at US$5. ... [Read full article on BBC ]
Tuesday 25th of April 2017 07:29:49 PM
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....So first of all, what is a customs union between a group of countries? . It is an arrangement in which they impose no tariffs on imports from other countries in the union. ... [Read full article on BBC ]
Tuesday 25th of April 2017 03:09:21 PM
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....More than half of all the cars and 90% of commercial vehicles built in the UK last year were bought by customers in Europe. The EU accounts for more than 80% of the UK’s motor vehicle imports. ... [Read full article on Guardian ]
Thursday 27th of April 2017 03:37:30 PM
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....The figures suggested consumer-facing sectors such as shops and hotels have been hurt in recent months by the squeeze on Britons’ spending power from the pound’s plunge since the Brexit vote. Sterling’s weakness makes imports to the UK such as food and fuel more expensive. ... [Read full article on Guardian ]
Friday 28th of April 2017 02:33:56 PM
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....Much of the pressure on households stems from higher inflation, which has picked up to its highest level in more than three years on the back of higher oil prices and because of the pound’s weakness since the Brexit vote. A weaker currency makes imports to the UK such as food and fuel more expensive. ... [Read full article on Guardian ]
Friday 28th of April 2017 06:01:03 AM
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....The data also shows there isn’t a thriving export market for British fruit. According to the Produce Marketing Association, Britain imports more than 476,000 tonnes of apples, but only export 14,800 tonnes (3%) of our own. ... [Read full article on Guardian ]
Friday 28th of April 2017 06:00:03 AM
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.... It was the weakest performance for a year and missed economists’ forecasts for a more modest slowdown. Inflation is at its highest for three years and risingThe pound’s drop makes imports to the UK more expensive and that effect has combined with higher crude oil prices to push inflation to 2. ... [Read full article on Guardian ]
Saturday 29th of April 2017 03:00:02 PM
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Latest Finance News related to Imports

Good and bad news from an economy in uncharted territory image
Source : Guardian [Read Article] Saturday 29th of April 2017 03:00:02 PM
.... It was the weakest performance for a year and missed economists’ forecasts for a more modest slowdown. Inflation is at its highest for three years and risingThe pound’s drop makes imports to the UK more expensive and that effect has combined with higher crude oil prices to push inflation to 2. ...
UK GDP growth slower than expected as inflation bites image
Source : Guardian [Read Article] Friday 28th of April 2017 02:33:56 PM
....The figures suggested consumer-facing sectors such as shops and hotels have been hurt in recent months by the squeeze on Britons’ spending power from the pound’s plunge since the Brexit vote. Sterling’s weakness makes imports to the UK such as food and fuel more expensive. ...
British consumers' confidence slumps as inflation grows image
Source : Guardian [Read Article] Friday 28th of April 2017 06:01:03 AM
....Much of the pressure on households stems from higher inflation, which has picked up to its highest level in more than three years on the back of higher oil prices and because of the pound’s weakness since the Brexit vote. A weaker currency makes imports to the UK such as food and fuel more expensive. ...
'After Brexit people will fall in love with English apples again' image
Source : Guardian [Read Article] Friday 28th of April 2017 06:00:03 AM
....The data also shows there isn’t a thriving export market for British fruit. According to the Produce Marketing Association, Britain imports more than 476,000 tonnes of apples, but only export 14,800 tonnes (3%) of our own. ...
Brexit: UK carmakers 'sitting on their hands' rather than investing image
Source : Guardian [Read Article] Thursday 27th of April 2017 03:37:30 PM
....More than half of all the cars and 90% of commercial vehicles built in the UK last year were bought by customers in Europe. The EU accounts for more than 80% of the UK’s motor vehicle imports. ...
Trump seeks tax windfall for business image
Source : BBC [Read Article] Wednesday 26th of April 2017 12:20:53 PM
....Mr Trump's blueprint is not expected to include any proposals for raising new revenue. The much-discussed border tax that would put a tariff on imports - favoured by House Speaker Paul Ryan - will not be in the plan. ...
Has the US started a lumber trade war with Canada? image
Source : BBC [Read Article] Tuesday 25th of April 2017 07:29:49 PM
....12%. The US Commerce Department valued softwood lumber imports from Canada at US$5. ...
Brexit: Labour's Sir Keith Starmer wants talks over customs union image
....So first of all, what is a customs union between a group of countries? . It is an arrangement in which they impose no tariffs on imports from other countries in the union. ...
Brexit economy: living standards are falling as the snap election looms image
Source : Guardian [Read Article] Tuesday 25th of April 2017 10:38:58 AM
....But, compared with the day of last June’s referendum, the pound is still down 14% against the US dollar and 10% against the euro. That weakness is now making itself felt in the real economy as imports become more expensive and shoppers are paying higher prices for a whole range of goods and services, from food to fuel. ...
Low rates, tight margins: the mortgage market looks worryingly familiar image
....Donald Trump’s commerce secretary, the billionaire dealmaker Wilbur Ross, is beginning to put the president’s America First campaign mission into practice. Trump may have fronted the announcement of an investigation into whether foreign imports of steel compromise US national security, but for Ross the ruinous impact of cheap imports is a wound that he has struggled to close for almost two decades. ...
UK retail surge since Brexit vote comes to an end image
Source : Guardian [Read Article] Friday 21st of April 2017 01:11:30 PM
.... The pound is 14% lower against the dollar than it was on the day of the referendum in June when the UK voted to leave the European Union. Weaker sterling makes goods imported from abroad more expensive, which is a big blow to the retail sector when Britain imports most of its food and runs a large deficit in goods with the rest of he world. ...
Trump launches investigation into steel dumping image
Source : BBC [Read Article] Friday 21st of April 2017 07:41:27 AM
. Donald Trump has launched an investigation into countries that export steel to the US, raising the prospect of new tariffs on imports. ...
Trump signs order to assess whether steel imports threaten national security image
. Donald Trump set the stage for a global fight over steel on Thursday, announcing an investigation into whether cheap imports are a threat to national security. ...
IMF says global financial stability has improved image
Source : BBC [Read Article] Wednesday 19th of April 2017 12:31:28 PM
.... . The IMF's recurrent concern about the possibility of more protectionist trade policies - measures that create new barriers to imports - makes another appearance. ...
Primark owner Associated British Foods sees profits jump image
Source : BBC [Read Article] Wednesday 19th of April 2017 07:00:40 AM
....3bn. ABF said profit growth in the second half would be "tempered" by the weaker pound pushing up the cost of imports. ...
Australia Post hits back at Amazon and eBay and says Coalition's GST model is best image
....The treasurer, Scott Morrison, is pushing ahead with plans to abolish the GST concession for low-value goods bought online from overseas. At the moment, imports of goods worth less than $1,000 are GST-free – including clothing, books, electronic devices and sports equipment. ...
El Paso: the border city grappling with the ramifications of Trump's proposals image
....Mexican trade is vital to Texas. Some $98bn in exports and imports passed through the El Paso customs district in 2015. ...
Should Zambia ban food imports? image
Source : BBC [Read Article] Friday 14th of April 2017 10:53:17 AM
Should Zambia ban food imports? image
Source : BBC [Read Article] Friday 14th of April 2017 10:53:17 AM
...
Related to :
Trade agenda image
Source : BBC [Read Article] Thursday 13th of April 2017 11:17:15 PM
.... The US expects China to offer better access to its market, including for beef and services companies. Mr Trump's campaign language about possibly imposing large tariffs on imports from China, as much as 45%, was not on display this time. ...
Scottish islands hold out for government U-turn on windfarm subsidies image
Source : Guardian [Read Article] Thursday 13th of April 2017 04:52:18 PM
....5bn of investment would be put at risk. The islands are also heavily dependent on expensive diesel imports for power. ...
Is business starting to get spooked about Donald Trump? | Larry Elliott image
Source : Guardian [Read Article] Thursday 13th of April 2017 12:36:22 PM
....On this last point, at least, there was some sense in what the president had to say. It is all very well sabre rattling about the imposition of tariffs and putting taxes on imports but a rising currency would blunt the impact of any protectionist measures by making US exports dearer. ...
Trump's trade barriers would be self-inflicted wound, says IMF chief image
Source : Guardian [Read Article] Wednesday 12th of April 2017 10:15:57 AM
....”. Trump has threatened to put swingeing tariffs on Chinese goods and to impose a tax on imports coming into the US, as part of an economic strategy designed to put America first. ...
Tesco full-year pre-tax profits hit by fine image
Source : BBC [Read Article] Wednesday 12th of April 2017 06:37:34 AM
....Suppliers raising prices to cope with increased costs will be another test, Mr Gaul said. The pound has substantially weakened since the UK's vote to leave the European Union in June, pushing up the cost of imports. ...
Japanese snack giant Calbee hit by potato shortage image
Source : BBC [Read Article] Wednesday 12th of April 2017 05:58:07 AM
....Typhoons and floods in Hokkaido, its main potato-growing region, last year caused a shortage of the vegetable. Calbee looked to cover the shortfall by increasing US potato imports, but that proved insufficient to meet demand. ...
Trump is reckless – but he knows he can't afford to antagonise China | Barry Eichengreen image
....Economically, the US and China are too closely interlinked through global supply chains to be able to cut ties. US companies not only compete with Chinese imports; they also rely heavily on them. ...
Inflation is only going one way. Let's hope interest rates don't follow | Larry Elliott image
.... It’s quite clear it isn’t. Food is going up, energy companies are raising their tariffs, retailers are passing on the higher costs of imports caused by a weaker pound. ...
UK inflation stays at three-year high of 2.3% image
Source : Guardian [Read Article] Tuesday 11th of April 2017 10:42:20 AM
....Much of the pressure on inflation has come from the pound’s sharp fall against other currencies after last June’s vote to leave the EU. That makes imports to the UK more expensive, with firms now passing on those higher costs to shoppers. ...
‘We will be forced to close’: Polish and Czech food stores post-Brexit image
.... “Then there’s also the possibility that the UK would put import tariffs on those products,” he adds. Margo Kuna imports and sells Polish food. ...
Technology is a marvel – now let’s make it moral | Martha Lane Fox image
....It could be one that stops asking what our government can do for tech companies and starts asking tech companies what they can do for the government. The United States Digital Service imports private-sector experts for “tours of duty” to redesign their federal products and services, making tech consultancy a patriotic act. ...
America owes China $1tn. That’s a problem for Beijing, and Trump knows it image
....Xi will certainly be hoping Trump’s cordial welcome was for real, because China has much more to lose economically from a trade war than America does. This might sound counter-intuitive given that Beijing can deploy the economic nuclear option if Trump makes good on his campaign pledge to slap whopping tariffs on Chinese imports. ...
Post-Brexit-vote surge for UK economy comes to an end image
Source : Guardian [Read Article] Friday 7th of April 2017 04:34:17 PM
....24 on Friday as the downbeat economic figures prompted investors to downgrade the UK’s prospects. There has been some evidence of a boost to exports from the weaker pound but the latest trade figures showed Britain’s deficit for goods and services trade widened in February as exports fell and imports rose. ...
UK industrial output falls in February image
Source : BBC [Read Article] Friday 7th of April 2017 09:27:16 AM
....7bn in February, from a revised figure of £3bn in January. According to the ONS, the deficit was fuelled by what it called "erratic items", such as imports of gold and aircraft. ...
Will populist leaders stifle the global recovery – or vice versa? image
Source : Guardian [Read Article] Tuesday 4th of April 2017 03:32:12 PM
.... It is hard to overstate how much rides on the Sino-US relationship, and how damaging it would be if the two sides cannot find a way to work together constructively. The Trump administration believes that it has the bargaining tools to recalibrate the relationship to America’s advantage, including a tariff on Chinese imports or even selectively defaulting on the more than $1tn the US owes to China. ...
Black market image
Source : BBC [Read Article] Saturday 1st of April 2017 11:30:24 PM
....For many tea traders in Britain, buying smuggled tea made sense, says Derek Janes, a history researcher at Exeter University. "Britain's own East India Company had a monopoly on tea imports, so if an Edinburgh merchant wanted to buy it you had to go to London, you had to pay to bring it back to Scotland - and you had to pay upfront. ...
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. ...
South Africa leaders divided after President Zuma sacks Gordhan image
Source : BBC [Read Article] Thursday 30th of March 2017 10:39:38 PM
.... . Ultimately ordinary people will feel the pressure of these political moves, a weaker currency means the cost of basic imports such as fuel and some foods will go up. ...
UK businesses welcome May's free trade call but warn of no-deal Brexit disaster image
....British businesses have cautiously welcomed the prime minister’s pledge to work for a “bold and ambitious free trade agreement” with the EU as part of the Brexit negotiations, but reiterated warnings that it would be disastrous for the UK to leave without a deal. Concerns have been rising among businesses in recent weeks that the UK could be heading towards a hard Brexit that would mean paying World Trade Organisation tariffs of about 5% on imports and exports with Europe. ...
Price of imported fruit and vegetables 'will rise by up to 8% after Brexit' image
....5bn , of which 71% were from EU nations. The most valuable imports include Dutch and Spanish fruit, vegetables and flowers as well as French wine. ...
​Sweet Brexit: what sugar tells us about Britain’s future outside the EU image
.... Extracting sucrose from beet on an industrial scale is said to date from the Napoleonic wars when Britain blockaded shipments of cane from tropical growers, and Napoleon set his scientists to work finding alternative ways of keeping sugar on the shelves of Europe. France remains the largest and most efficient grower of beet, but the crop’s influence is now felt across an EU that protects producers with quotas and subsidies, and limits sugar cane imports through punitive tariffs. ...
Dyson plays down hard Brexit concerns as company posts £2.5bn record sales image
....The tycoon said that the drop in the value of sterling since the referendum has led to Dyson putting up the price of some of its products, although he said the increases varied product-by-product and declined to provide further details. “It [the drop in the value of sterling] is not good news for anyone who imports products,” he said. ...
Brexit: Food chiefs warn on EU tariffs image
Source : BBC [Read Article] Sunday 26th of March 2017 08:55:57 PM
....They say farmers need to import animal feed, and to export products if UK demand is insufficient. Food and drink manufacturers rely on exports to grow their businesses and on imports for some ingredients, while retailers need access to a full range of goods all year round, they add. ...
Austerity bites? Less chocolate for your money as packets shrink image
Source : Guardian [Read Article] Sunday 26th of March 2017 12:05:16 AM
.... Nestlé is also shrinking its Aero Mint bars from 120g to 100g to hold the price at £1. After a benign period where inflation was close to zero, living costs started rising again last summer thanks to a combination of higher oil prices and the Brexit vote’s blow to the value of the pound, which has made imports to the UK more expensive. ...
Brexit economy: UK faces squeeze on living standards image
Source : Guardian [Read Article] Friday 24th of March 2017 10:30:30 AM
.... Inflation continued to rise and in February jumped higher than economists had forecast. Stock markets have set new record highs but the pound remains down around 16% against the dollar with repercussions for an economy heavily reliant on imports. ...
What Next for shops? image
Source : BBC [Read Article] Thursday 23rd of March 2017 01:21:33 PM
....As if the fickleness of shoppers were not enough, of course, consumers have finally woken up to the fact that higher inflation means their money spreads more thinly. The fall in sterling since the Brexit vote has pushed up the cost of imports for the likes of Next, although it says it doesn't expect price rises to be any worse in the second half of the year, and "they may be a little better". ...
FTSE CEOs 'earn 386 times more than workers on national living wage' image
Source : Guardian [Read Article] Wednesday 22nd of March 2017 06:30:27 AM
....The trust issues its findings amid growing worries over a squeeze on living standards from sluggish pay growth and rising inflation. The pressures on households stem partly from Brexit worries knocking the pound lower and raising the price of imports to the UK. ...
Oil theft 'provides billions for terrorists and drug cartels' image
Source : Guardian [Read Article] Tuesday 21st of March 2017 06:12:54 PM
....5bn) in hydrocarbon revenues in 2012. Ralby said a huge industry was taking shape in which refined crude from Libya, which has Africa’s largest oil reserves, was being illegally transferred ship-to-ship in the Mediterranean and passed off as legitimate oil imports to the EU. ...
Rising food and fuel prices hoist UK inflation rate to 2.3% image
Source : Guardian [Read Article] Tuesday 21st of March 2017 11:27:08 AM
....2% between January and February, reflecting recent increases in global oil prices as well as the pound’s weakness since last June’s referendum. The weaker pound makes imports to the UK, including oil, more expensive. ...
Brazil meat scandal: China and EU suspend imports image
Source : BBC [Read Article] Monday 20th of March 2017 08:39:48 PM
. Some of the biggest consumers of Brazilian meat have suspended imports over allegations that companies have been selling unsafe produce for years. ...
Rising food costs - what's that got to do with the price of Brexit? image
Source : Guardian [Read Article] Sunday 19th of March 2017 07:00:01 AM
....The expression “what’s that got to do with the price of [insert foodstuff here]?” is supposed to be a put-down riposte to some irrelevant statement, but it has become one of the pressing economic questions of the day. The Brexit vote has weakened the pound which, in turn, is pushing prices up as the cost of imports rise. ...
Interest rate rise is further away than MPC vote suggests image
Source : Guardian [Read Article] Thursday 16th of March 2017 05:50:07 PM
.... The cost of living is going up as a result of higher oil prices and the fall in the value of the pound, but wage pressure is abating. The MPC will only be justified in raising rates if dearer imports trigger higher wage deals to compensate workers for the erosion of their living standards. ...
Bank of England keeps UK interest rates on hold as it warns on inflation image
Source : Guardian [Read Article] Thursday 16th of March 2017 12:10:58 PM
....Inflation has been rising in recent months, hitting its highest level in more than two years in January at 1. 8% on the back of higher oil prices and as the pound’s weakness since the Brexit vote raises the cost of imports to the UK. ...
Obesity crisis image
Source : BBC [Read Article] Wednesday 15th of March 2017 12:04:40 AM
.... . But he says this trade - which means more people are eating less healthy imports, rather than what is locally available - may also have helped to make us fatter. ...
UK economy will grow more strongly than expected, says BCC image
Source : Guardian [Read Article] Tuesday 14th of March 2017 07:01:15 AM
....A number of forecasters have raised their outlook UK growth for this year, notably:. The BCC’s outlook chimed with warnings from thinktanks and anti-poverty campaigners that the pound’s weakness since the Brexit vote will stoke inflation this year as it makes imports to the UK more expensive. ...
Brexit leads cosmetics firm Lush to look for expansion outside UK image
Source : Guardian [Read Article] Monday 13th of March 2017 08:00:30 PM
....2m, despite troubles in its Japan operations. In terms of trading it said it had not noticed a material impact on UK revenues since the Brexit vote, and higher costs of raw material imports – a result of sterling weakness – were being offset by the cheaper cost of exports. ...
UK manufacturing output falls in January image
Source : BBC [Read Article] Friday 10th of March 2017 10:30:57 AM
.... . Exports rose by £400m, while imports increased by £300 million. ...
Trump faces formidable institutional obstacles – so what can he do? | Barry Eichengreen image
....So what will an impatient president, frustrated and hemmed in on all sides, do? First, Trump will focus on the one set of economic policies a president can pursue without close congressional cooperation, namely those affecting trade. He can invoke the Trade Expansion Act of 1962, restricting imports on the grounds that they threaten US “material interests”. ...
The UK economy breaks more records – for all the wrong reasons image
Source : Guardian [Read Article] Thursday 9th of March 2017 06:40:24 PM
....”. Unusually low inflation since 2014 has led to a pick-up in real income growth but rebounding oil prices and dearer imports as a result of the pound’s post-Brexit fall mean this period is coming to an end. ...
Trump's border tax could damage the US a lot more than a wall | Kenneth Rogoff image
.... Although the border adjustment tax has not seeped into public consciousness in nearly the same way as Trump’s wall, it could end up affecting the average American a lot more – and not necessarily in a good way. On the surface, the basic idea is to slap a tax of, say, 20% on imports, and to provide tax breaks worth a similar amount on exports. ...
Prospect of £1.7bn fine looms large over PM's talks with EU leaders image
Source : Guardian [Read Article] Wednesday 8th of March 2017 10:30:19 PM
.... France, Germany, Spain and Italy are estimated to have lost a combined €3. 2bn in VAT revenues between 2013 and 2016 as a result of British failures in handling imports at its ports. ...
UK economy will grow 2% this year but slow next, OBR predicts image
Source : Guardian [Read Article] Wednesday 8th of March 2017 07:58:42 PM
....But most forecasters, including the OBR, caution that the outlook is uncertain and that growth will most likely be slower in 2018 as higher inflation knocks spending. Inflation has been rising on the back of higher oil prices and as imports have become more expensive because of the pound’s weakness since the Brexit vote. ...
UK growth forecast for 2017 revised up image
Source : BBC [Read Article] Wednesday 8th of March 2017 02:12:25 PM
.... . "The intensity of exports and imports, as well as immigration flows, are assumed to decline gradually, rather than falling sharply as they might after a hard Brexit. ...
China sees first monthly trade deficit in three years image
Source : BBC [Read Article] Wednesday 8th of March 2017 09:19:40 AM
. China has reported its first monthly trade deficit in three years, after imports surged and a slowdown during the Lunar New Year holidays hit output. ...
WTO what? image
Source : BBC [Read Article] Wednesday 8th of March 2017 12:33:35 AM
.... . They include import tariffs, which are taxes applied only to imports. ...
Hammond gets budget boost as OECD upgrades UK growth forecast image
Source : Guardian [Read Article] Tuesday 7th of March 2017 10:00:39 AM
....However, the tone of the thinktank’s interim outlook chimed with more recent UK indicators that suggest households are reining in spending as a weakening pound raises prices. The currency’s fall since the Brexit vote has made imports more expensive and some of that is being passed on to consumers. ...
Standard Life's Aberdeen deal means job losses – but avoids US takeover image
....Consider Taveres’ “nice opportunity” an appeal for the UK government to fund a re-arming of the UK supplier base. Ellesmere Port imports 75% of its parts. ...
Budget 2017: Hammond to tell us the Brexit vote could have been worse image
.... Inflation is expected to rise further this year, pushed up by higher global oil prices and by the effects of the pound’s devaluation since the Brexit vote. A weaker currency increases the cost of the UK’s many imports, such as food ingredients and metals. ...
Inflation returns to Japan for the first time in more than a year image
Source : Guardian [Read Article] Friday 3rd of March 2017 04:43:07 AM
....Many analysts expect core consumer prices to head toward 1% later this year helped by the strengthening US dollar pushing the yen lower. A fall in the currency will make imports more expensive for Japanese consumers, which will boost prices. ...
Trump promises 'aggressive' action on trade to protect US image
Source : BBC [Read Article] Thursday 2nd of March 2017 02:08:52 PM
....The options include using the WTO's dispute settlement system - a kind of judicial procedure. There are also actions that WTO rules allow countries to take unilaterally, against dumped or subsidised goods and sudden surges in imports. ...
Donald Trump has made rookie mistakes – he must change his approach image
Source : Guardian [Read Article] Thursday 2nd of March 2017 08:59:39 AM
....On trade, Trump’s statements have also been somewhat disconcerting. Beyond withdrawing from the Trans-Pacific Partnership, he has suggested renegotiating the North American Free Trade Agreement and threatened to impose high tariffs on Chinese imports. ...
Spring budget 2017: drop in government borrowing predicted image
Source : Guardian [Read Article] Tuesday 28th of February 2017 12:01:13 AM
....But it expects much of that improvement to be felt in the near term, reflecting the fact that most forecasters expect the economy to slow over coming years on the back of uncertainty around Britain’s future trading relationships and as consumer spending takes a hit from the pound’s post-referendum weakness. A weaker pound has made imports to the UK such as fuel, metals and food ingredients more expensive and firms are starting to pass on those higher costs to shoppers. ...
BMW considers making electric Mini outside UK due to Brexit worries image
Source : Guardian [Read Article] Monday 27th of February 2017 06:21:12 PM
.... Another option for BMW is to produce the car in the Netherlands, where roughly one in three Minis are already made. The German carmaker is likely to hold talks with the British government before making a decision but is concerned about the prospect of the UK leaving the single market and being charged tariffs on imports and exports. ...
Primark still in fashion for UK shoppers image
Source : BBC [Read Article] Monday 27th of February 2017 12:53:09 PM
....However, the company warned the weak pound could squeeze margins at Primark, which accounts for about half its profits. Sterling has fallen 16% against the US dollar since the EU referendum last June and 10% against the euro, making imports to the UK more expensive. ...

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