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....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. ... [Read full article on BBC ]
Sunday 26th of March 2017 08:55:57 PM
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....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. ... [Read full article on Guardian ]
Monday 27th of March 2017 05:00:00 AM
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....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. ... [Read full article on Guardian ]
Wednesday 22nd of March 2017 06:30:27 AM
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....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". ... [Read full article on BBC ]
Thursday 23rd of March 2017 01:21:33 PM
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.... 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. ... [Read full article on Guardian ]
Monday 27th of March 2017 04:26:49 PM
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.... 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. ... [Read full article on Guardian ]
Friday 24th of March 2017 10:30:30 AM
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.... 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. ... [Read full article on Guardian ]
Sunday 26th of March 2017 12:05:16 AM
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Latest Finance News related to Imports

​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. ...
Trump's Treasury Secretary targets tax reform 'by August' image
Source : BBC [Read Article] Thursday 23rd of February 2017 05:37:58 PM
....Mr Mnuchin said that tax cuts combined with deregulation would boost economic growth to 3% by the end of 2018. He said his team was still "looking at" the subject of a border adjustment tax that would put a tariff on imports. ...
Most wood energy schemes are a 'disaster' for climate change image
Source : BBC [Read Article] Thursday 23rd of February 2017 09:47:43 AM
....5m tonnes shipped from the US and Canada in 2015-16. Most of these imports comes from the southeast US, where there are growing concerns about the trade. ...
WTO's new global trade deal comes into force image
Source : BBC [Read Article] Wednesday 22nd of February 2017 03:03:04 PM
....The Trade Facilitation Agreement (TFA) involves streamlining customs procedures. Mr Azevedo said it would have a bigger impact than eliminating all existing taxes on imports, known as tariffs. ...
Supermarket sourcing image
Source : BBC [Read Article] Wednesday 22nd of February 2017 12:18:01 AM
....A recent vegetable shortage, driven by bad weather in southern Europe, highlighted this dependence, and led to a flurry of pictures on social media of empty supermarket shelves. On top of this, the pound's 14% fall against the euro since the Brexit vote means imports cost more, and there is huge uncertainty over what effect leaving the EU will have on the cost and availability of food from Europe. ...
Made in the UK goods could cost more as import prices rise image
Source : Guardian [Read Article] Monday 20th of February 2017 01:17:41 PM
....Britain’s manufacturers fear the rising cost of raw materials will soon dent a robust recovery since the Brexit vote that has included total orders hitting a two-year high. A survey of the sector found suggested that concerns over inflation were at their highest level for six years as firms said the weak pound was increasing the cost of imports, forcing them to raise prices or accept a severe squeeze on profits. ...
Global arms trade reaches highest point since cold war era image
Source : Guardian [Read Article] Monday 20th of February 2017 12:02:22 AM
. The global transfer of major weapons systems rose over the past five years to the highest volume since the end of the cold war as the Middle East nearly doubled its imports, according to an annual report on arms sales. ...
Is this the end of UK's retail boom? image
Source : Guardian [Read Article] Sunday 19th of February 2017 01:32:28 PM
....8% between October and January and is certain to go higher over the months ahead. So far, the pick-up in the cost of living has been the result of the global rise in oil prices but retailers are also struggling with the higher prices paid for imports as a result of the post-referendum fall in the pound. ...
Brexit vote begins to bite as rising food and fuel bills hit retail sales image
Source : Guardian [Read Article] Friday 17th of February 2017 12:51:52 PM
....4% from Thursday. The pound is down 17% against the dollar and 11% against the euro since the referendum, making the cost of imports to the UK such as fuel and food more expensive. ...
Morrisons to 'hedge bets' and recruit more UK-based suppliers image
Source : Guardian [Read Article] Friday 17th of February 2017 07:01:03 AM
.... More than 80% of the eggs, meat and dairy and 62% of the cereals we eat are from the UK, but only 23% of fruit and vegetables consumed are grown here. The UK exports £18bn of food and imports £39bn, but even if all the UK-grown produce was consumed domestically, it would still fall below two-thirds of British demand. ...
Chancellor is an 'economic illiterate', claims pro-Brexit economist image
Source : Guardian [Read Article] Thursday 16th of February 2017 06:48:23 PM
....Minford’s panel comprises 15 economists and has an advisory group that includes the MP Jacob Rees-Mogg, as well as John Longworth, co-chair of Leave Means Leave and former head of the British Chambers of Commerce who resigned from that post over his support for Brexit. One of the panel’s reasons for wanting to drop tariffs on imports to the UK is the potential benefit to consumers from lower prices. ...
Trump's changed stance on Nato, will he sober up about IMF and WTO? | Barry Eichengreen image
.... This suggests that he will feel pressured to do what he can unilaterally. One thing he can do unilaterally is slap duties on imports, potentially in violation of WTO rules. ...
Days of low inflation are over with UK consumer finances to take a hit | Larry Elliott image
....Some of this pressure, clearly, is the result of higher global energy prices. The 16% drop against the dollar is also making imports more expensive and this will have more of a bearing on inflation as 2017 wears on. ...
UK inflation rises to 1.8% spurred by weak pound and rising fuel costs image
Source : Guardian [Read Article] Tuesday 14th of February 2017 10:30:41 AM
....However, economists said inflation would rise further this year, going through the Bank’s target within months. Fuelling the rise is the pound’s sharp fall since the Brexit vote, which makes imports to the UK more expensive, and also the rise in oil prices on the back of lower production. ...
Weak pound and rising inflation push clothing spend to five-year low image
Source : Guardian [Read Article] Monday 13th of February 2017 12:01:00 AM
....2% on the previous quarter. The Brexit vote’s blow to the pound has made imports more expensive and some of that impact is now being passed on to consumers, with inflation hitting its highest level for more than two years in December. ...
The UK's inflation foot soldiers: how the ONS measures the CPI image
Source : Guardian [Read Article] Sunday 12th of February 2017 04:58:06 PM
....6% and figures out on Tuesday are expected to show it pushed higher still in January to 1. 9% as sterling’s weakness continued to raise the cost of imports such as fuel and food ingredients. ...
Fancy some sun, sea and sand? Brexit means it will cost you 15% more image
Source : Guardian [Read Article] Sunday 12th of February 2017 07:01:00 AM
....When Emily Cook and her partner Mark Fallaize wanted to get the most for their money they settled on Mexico. Donald Trump’s threats to build a wall and slap tariffs on Mexican imports has hit the peso hard. ...
Brexit: the price of post-truth pounds in our pockets image
Source : Guardian [Read Article] Sunday 12th of February 2017 06:59:00 AM
.... This, depending on your preference for modern or traditional language, is either a) an alternative fact or b) a brazen fib. Even economists weren’t dozy enough to miss that the fact that the same pound paid for Britain’s imports, meaning that after devaluation it bought fewer goods, and therefore domestic prices would go up. ...
Devil-may-care investors fall under spell of Trump-mania image
Source : Guardian [Read Article] Thursday 9th of February 2017 02:31:01 PM
....Another big bet is on a Trump-inspired spending spree by Congress on all manner of infrastructure projects, including the Mexican wall and on the military. This bet gets a steroid boost when traders add in the impact of huge tax cuts, albeit for the richest, trade tariffs on imports (protecting smaller US firms from competition) and a supposedly benign form of blackmail targeting major corporations that consider opening factories abroad (forcing them to locate inside the US). ...
Under Armour reveals bounceback plan after shares plummet 30% image
Source : Guardian [Read Article] Thursday 9th of February 2017 07:00:16 AM
....The expansion of the fitness industry in the UK is not just about gyms but an increasingly diverse selection of fitness studios that are popping in London and the rest of the country. These include yoga studios but also US imports such as Barry’s Bootcamp, a favourite of David Beckham that mixes running and weights in a high intensity one-hour class; and SoulCycle, which involves a full-body workout on a bike with music and motivational instructors. ...
Voting for Brexit hasn’t saved us from secretive trade deals image
Source : Guardian [Read Article] Saturday 4th of February 2017 04:00:33 PM
.... It was Navarro, an economics professor and close pal of Ross, who hit the headlines last week after he accused Germany, Japan and China of being currency manipulators. In a paper with Ross before the presidential election, he argued strongly for tougher measures on imports to bring down Washington’s ballooning trade deficit. ...
UK inflation warnings intensify as service sector costs rise image
Source : Guardian [Read Article] Friday 3rd of February 2017 01:43:13 PM
.... This suggests the economy lost momentum at the start of 2017. Companies reported higher fuel and labour costs and said they had to pay more for imports because of the pound’s sharp fall since the referendum. ...
US economy adds 227,000 jobs in January – the best figures since September image
....The US added 227,000 new jobs in January, the last month of the Obama presidency and the first of Donald Trump’s, the Department of Labor announced on Friday. The closely watched figure was the best since last September and comes after Trump won the election promising jobs growth and pushing US companies to employ American citizens, threatening to tax imports of goods made outside US borders. ...
UK manufacturing's strong January is dented by spike in import costs image
Source : Guardian [Read Article] Wednesday 1st of February 2017 01:49:03 PM
. A record rise in the cost of imports in January has taken the shine off a strong performance by the manufacturing sector, which has rebounded since the Brexit vote to record its sixth consecutive months of expanding output. ...
UK house price growth has hit 14-month low, says Nationwide image
Source : Guardian [Read Article] Wednesday 1st of February 2017 09:06:31 AM
....Inflation has already started to rise as the impact of the sharp fall in the value of the pound since the EU referendum feeds through to prices. A weaker pound makes imports from abroad more expensive. ...
UK growth forecast upgraded amid warning over inflation image
Source : Guardian [Read Article] Wednesday 1st of February 2017 06:30:09 AM
.... That was the biggest year-on-year increase since the bank started compiling its spending report in February 2013. The bank also found further evidence that households were growing more worried about rising prices as the weak pound makes imports to the UK more expensive and that gets passed on to consumers. ...
UK faces return to inequality of Thatcher years, says report image
Source : Guardian [Read Article] Tuesday 31st of January 2017 11:26:31 PM
....Its warnings chime with other forecasts for a squeeze on family budgets on the back of sluggish wage growth, welfare cuts, rising global oil prices and the pound’s sharp fall since the Brexit vote. The drop in sterling has made imports more expensive and there are already signs that is being passed on to consumers, with inflation hitting its highest level for more than two years in December. ...
Final US growth figures under Obama are a triumph – for Trump  | Larry Elliott image
....There are, however, two other reasons why Trump should thank his lucky stars. The first is that the breakdown of the growth figure into its component parts shows the main reason for the slowdown in the fourth quarter was that exports fell and imports rose. ...
Strong dollar drags US growth to slowest pace since 2011 image
Source : Guardian [Read Article] Friday 27th of January 2017 02:15:35 PM
....Mnuchin, a former financier at Goldman Sachs, said last year after his nomination that GDP growth of 4% would be achievable once Congress implemented a series of tax cuts and spending plans put forward by Trump. But the high value of the dollar, which has hit exports, and Trump’s threat to implement protectionist measures, including a 20% tariff on all Mexican imports to fund a border wall, have created uncertainty and dented Wall Street optimism for higher growth in 2017. ...
Japan's annual consumer prices fall for first time in four years image
Source : Guardian [Read Article] Friday 27th of January 2017 07:01:42 AM
....BoJ officials have blamed external factors, such as falling energy prices and weaker performances by emerging economies, for the disappointing figures. Some analysts, however, believe monthly consumer prices will bounce back later this year, thanks to an upturn in crude oil prices and a weaker yen, which increases the cost of imports. ...
UK GDP growth shows consumers spending despite Brexit worries | Larry Elliott image
.... It has been the service sector that has been keeping the economy going over the past six months, with retailing and hospitality especially strong. Hammond said at Microsoft that while he expected the fall in the value of the pound to slow consumer spending through its impact on imports, he had been pleasantly surprised by how slow the effects from the depreciation of the pound had been. ...
Car firms tell May post-Brexit tariffs are 'red line' issue that threatens jobs image
....The warning on tariffs came just over a week after the prime minister said in a landmark speech that Britain will leave the single market as part of Brexit and revert to World Trade Organisation rules if it cannot strike a good deal with the EU. The car industry has calculated that WTO rules, which would mean 10% tariffs on exports and imports, could add £1,500 to the cost of every car sold in the UK. ...
UK manufacturers upbeat as weak pound boosts exports image
Source : Guardian [Read Article] Wednesday 25th of January 2017 12:38:03 PM
....The quarterly health check of industry from the employers’ organisation found that manufacturers were upbeat about their prospects, reporting strong order books and rising output. The CBI said exporters’ competitiveness had been boosted by the fall in the value of the pound since the Brexit vote last June, but more expensive imports would eventually push up prices through their impact on business costs. ...
Brexit economy: weak pound stokes inflation as jobs market cools image
Source : Guardian [Read Article] Wednesday 25th of January 2017 11:09:22 AM
.... But signs of a spending slowdown, corporate jitters around the triggering of article 50 and rising prices point to a more challenging growth outlook in 2017. Seven months on from the referendum, the Guardian’s monthly tracker of economic news shows the weaker pound is being felt in the real economy more keenly than ever, as it raises the cost of imports such as energy and food and that gets passed on to consumers as higher prices in the shops. ...
Globalisation once made the world go around. Is it about to grind to a halt? image
....This, though, was China’s president, Xi Jinping, in Davos last week, making it clear that he was prepared to fill the vacuum if Donald Trump went ahead with the sort of protectionist policies he had proposed in his election campaign. The new US president has said he will renegotiate the Nafta free trade agreement between the US, Canada and Mexico and slap duties on imports from countries that don’t play by global trade rules. ...
Chinese growth slips to slowest pace for 26 years image
Source : Guardian [Read Article] Friday 20th of January 2017 05:33:46 AM
.... Some worry his protectionist stance could prompt a trade war after he fought for the presidency on an anti-globalisation platform with a vow to bring jobs back to America that he claimed had been lost to China and other countries. Trump has pledged to impose high tariffs on imports from China and to brand the country a currency manipulator. ...
Mining firm hopes to extract lithium from Cornwall's hot springs image
Source : Guardian [Read Article] Thursday 19th of January 2017 11:00:43 AM
.... Lithium is a strategic mineral given its importance in modern technologies. “If the team at Cornish Lithium is successful in developing this opportunity the UK may not have to rely on imports of this vital mineral in future. ...
Globalisation has made the world a better place | Jim O'Neill image
Source : Guardian [Read Article] Wednesday 18th of January 2017 10:07:59 AM
.... Xi’s presence suggests that China is exploring where it can position itself on the world stage, and which elements of globalisation it can harness to its advantage, now that western powers are turning inward. Indeed, as the Chinese ambassador to the UK pointed out on my radio programme, China is already the largest importer – yes, importer – for at least 70 countries, and accounts for about 10% to 11% of all imports globally. ...

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