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....In one respect, though, the Treasury was right. The vote to leave the EU resulted in a sharp fall in the value of sterling, which pushed up the cost of imports and reduced consumers’ spending power. ... [Read full article on Guardian ]
Sunday 20th of August 2017 06:00:35 AM
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....Britain should resort to World Trade Organisation rules for its relationship with Europe if a bad deal is offered, while striking free trade agreements with major trading partners such as the US, Canada and Australia, according to the IEA report. It would then be up to Brussels if it wanted to impose tariffs on British imports, which the thinktank said would hurt EU consumers. ... [Read full article on Guardian ]
Thursday 17th of August 2017 11:01:07 PM
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....6%. Weaker net foreign trade dampened growth, as exports grew strongly less than imports. ... [Read full article on Guardian ]
Monday 21st of August 2017 03:37:43 AM
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....Officials refuse to speculate what consequences this may have for limiting the scope of trade agreements with non-compliant countries such as the US. Without matching regulations, the EU could block imports, fearing that the open border was a back door into its consumer market. ... [Read full article on Guardian ]
Wednesday 16th of August 2017 06:27:16 PM
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.... But the primary objective must not be to ensure that British agricultural exports are competitive. Rather, Britain must ensure that foreign imports do not overwhelm its own agricultural objectives. ... [Read full article on Guardian ]
Thursday 17th of August 2017 07:21:07 AM
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....In a separate case last year, six Adani subsidiaries were listed among 40 other companies being investigated for allegedly running a similar price-inflation scheme. The companies are accused of inflating the price of coal imports from Indonesia to hide profits in overseas tax havens. ... [Read full article on Guardian ]
Sunday 20th of August 2017 02:28:19 AM
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Latest Finance News related to Imports

Diesel scandal is a risk to German economy, says ministry image
Source : Guardian [Read Article] Monday 21st of August 2017 03:37:43 AM
Indian opposition calls for investigation into Adani over financial fraud allegations image
....In a separate case last year, six Adani subsidiaries were listed among 40 other companies being investigated for allegedly running a similar price-inflation scheme. The companies are accused of inflating the price of coal imports from Indonesia to hide profits in overseas tax havens. ...
Leaving EU without deal would be no disaster, says thinktank image
Source : Guardian [Read Article] Thursday 17th of August 2017 11:01:07 PM
....Britain should resort to World Trade Organisation rules for its relationship with Europe if a bad deal is offered, while striking free trade agreements with major trading partners such as the US, Canada and Australia, according to the IEA report. It would then be up to Brussels if it wanted to impose tariffs on British imports, which the thinktank said would hurt EU consumers. ...
Brexit is a chance for farming reform – but we must get the policy right | Ngaire Woods image
.... But the primary objective must not be to ensure that British agricultural exports are competitive. Rather, Britain must ensure that foreign imports do not overwhelm its own agricultural objectives. ...
UK to seek Irish border waivers on customs and food safety after Brexit image
Source : Guardian [Read Article] Wednesday 16th of August 2017 06:27:16 PM
....Officials refuse to speculate what consequences this may have for limiting the scope of trade agreements with non-compliant countries such as the US. Without matching regulations, the EU could block imports, fearing that the open border was a back door into its consumer market. ...
Pound V euro: GBP slumps against EUR as UK inflation holds steady image
Source : Daily Express [Read Article] Tuesday 15th of August 2017 11:43:00 AM
....7 per cent. The slower-than-expected growth was largely attributed to a slight downturn in German trade figures, with imports increasing at a faster pace than exports quarter-on-quarter. ...
UK will 'mirror' much of EU customs system for Brexit, plans reveal image
Source : Guardian [Read Article] Tuesday 15th of August 2017 11:31:05 AM
....But even the two scenarios outlined by the government for this end-state position could still involve substantial overlap with EU customs procedures to try to minimise chaos at ports. The second, and more ambitious, of two options outlined in Tuesday’s paper was called a “new customs partnership” and “would involve the UK mirroring the EU’s requirements for imports from the rest of the world where their final destination is the EU”. ...
How Trump v Kim can wreck the world economy without a shot being fired | Larry Elliott image
....One obvious trigger for the pricking of the Chinese credit bubble would be US trade sanctions. When he was a candidate for the White House, Trump pledged to get extremely tough with Beijing, threatening tariffs of up to 40% on Chinese imports into the US. ...
Jacques Delors foresaw the perils of austerity. How we need his wisdom now | Mark Seddon image
....If the EU is to restore the damage that greater economic integration has caused to southern Europe – and to restore its public reputation – it desperately needs an end to austerity, and a new economic and social direction that presents an alternative to hyper-globalisation and the race to the bottom. Such a model could become attractive to many of those traditional Labour voters who opted for Brexit, especially if all that is on offer after Britain leaves the EU is a one-sided trade deal with the United States resting on chlorinated chicken imports and a rendered (in favour of US privateers) NHS. ...
UK consumers cut spending on clothes, cars and foreign travel image
Source : Guardian [Read Article] Sunday 6th of August 2017 11:01:05 PM
....The leisure sector is likely to have benefited from an early surge in summer staycations. Last month the chancellor, Philip Hammond, admitted that the country’s slowing economic growth was down to the squeeze on the cost of living caused by more expensive imports. ...
Employment statistics tell skewed story about UK jobs market Katie Allen image
....The problem is that, while employers bemoan skills shortages and have a near-record number of vacancies to fill, average wages are barely growing. Inflation, meanwhile, has picked up as the pound’s weakness since the Brexit vote raises the cost of imports. ...
The Bank keeps hinting at a rate rise. Markets will only listen for so long image
.... By encouraging speculation that a rate hike is just around the corner, the Bank is trying to talk up the value of sterling. A stronger pound makes imports cheaper and so bears down on the cost of living. ...
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
.... It cut the growth outlook for this year and next, raised its inflation forecast for the months ahead and cut its predictions for wage growth. Presenting the forecasts, the Bank’s governor, Mark Carney, said the pound’s sharp fall after the Brexit vote had raised the cost of imports to the UK and consumers were feeling the pain of higher prices. ...
Populist trade policies won’t protect jobs anywhere in the world | Kenneth Rogoff image
....Another problem is that most western economies have long since become deeply intertwined in global supply chains. Even the Trump administration had to reconsider its plan to pull out of the North American Free Trade Agreement when it realised that a lot of US imports from Mexico have substantial US content. ...
Eurozone economy grows twice as fast as UK's, figures show image
Source : Guardian [Read Article] Tuesday 1st of August 2017 12:07:04 PM
.... The economy had shown resilience in the immediate aftermath of last year’s EU referendum, confounding forecasts of a downturn. But growth has slowed markedly since the turn of the year as a weaker pound has raised the cost of imports, pushed up inflation and squeezed consumers. ...
Saving Britain’s food supply: a manifesto to keep food on the table image
Source : Guardian [Read Article] Saturday 29th of July 2017 08:25:51 PM
.... Added to that is the appalling folly of Brexit, forced through by a cabal of ideologues happy to trot out falsehoods about the sunny uplands of economic joy that leaving the EU would bring. Instead it has resulted in a devaluation of the pound, making imports more expensive and the exporting of our food more attractive. ...
Brexit likely to create a rise in UK megafarms image
Source : Guardian [Read Article] Friday 28th of July 2017 12:00:18 PM
....”. The debate around the effects of Brexit on British farming was intensified this week when the Brexit minister Liam Fox refused to rule out imports of meat from the US of a lower standard than the EU permits. ...
Donald Trump's tax cuts for the rich won't make America great again | Joseph Stiglitz image
.... The concern is that, after imposing a one-off levy on the untaxed profits that US firms hold abroad, introducing a territorial system would generate a tax loss. To offset this, Paul Ryan, the speaker of the House of Representatives, has proposed adding a tax on net imports (imports minus exports). ...
Is there enough electricity? National Grid reacts to fossil-fuel vehicle ban image
.... Building 400,000 charging points for them all would cost £30bn, the group has said. National Grid said the extra power would be generated from gas, windfarms, imports and nuclear reactors – not from coal, which is scheduled to disappear from the UK’s power mix by 2025 at the latest. ...
Hammond admits UK consumers hurt by pound's fall as GDP grows by 0.3% image
Source : Guardian [Read Article] Wednesday 26th of July 2017 09:19:12 AM
....2% expansion in the first three months of the year, Office for National Statistics figures showed. The chancellor, who says businesses and households are being affected by the lack of clarity about Brexit, put the sharp easing of growth in the past six months down to the squeeze on the cost of living caused by dearer imports. ...
Post-Brexit trade deals 'threaten UK's animal welfare standards' image
Source : Guardian [Read Article] Tuesday 25th of July 2017 06:37:35 AM
....The report from the House of Lords warns the standards of UK producers could be put under pressure by demands from other countries to allow an influx of cheap and lower-standard food as part of trade deals. It was published as the prime minister’s spokesperson said that allowing imports of US products such as chicken meat washed with chlorine would not be ruled out in trade deals. ...
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. In a period in which business confidence took a hit from the government’s loss of its overall majority in the general election, the Guardian’s monthly tracker found little evidence that the impact of a more competitive currency was offsetting a slowdown in consumer spending caused by dearer imports. ...
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. ...
UK inflation figures will shine light on impact of pound's Brexit slide image
....Inflation was running at 0. 6% when the UK voted to leave the EU in June 2016 but it has risen subsequently as a result of higher oil prices and dearer imports caused by the 12% decline in the value of the pound over the past 12 months. ...
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 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. Sterling’s fall since the Brexit vote in June 2016 has pushed up inflation by making imports dearer, but the Resolution Foundation said the current squeeze on living standards for the “just about managing” previously championed by the prime minister, Theresa May, was a continuation of a longer-term trend. ...
Globalisation: the rise and fall of an idea that swept the world image
Source : Guardian [Read Article] Friday 14th of July 2017 04:28:14 AM
.... When nations contravened the agreement’s terms on specific areas of national interest, they found that it “contained loopholes wide enough for an elephant to pass”, in Rodrik’s words. If a nation wanted to protect its steel industry, for example, it could claim “injury” under the rules of Gatt and raise tariffs to discourage steel imports: “an abomination from the standpoint of free trade”. ...
US 'will become one of the world's top gas exporters by 2020' image
Source : Guardian [Read Article] Thursday 13th of July 2017 07:00:01 AM
....The American shale gas revolution will enjoy a second wind as rapid growth in domestic production sees the US join the world’s club of top gas exporters, a leading energy authority has predicted. Fracking has already opened up US shale oil and gas deposits, leading to a fall in gas prices and a drop in greenhouse gas emissions as power generation switches from coal to gas, as well as reducing America’s historical reliance on fossil fuel imports. ...
Electric cars will fuel huge demand for power, says National Grid image
Source : Guardian [Read Article] Thursday 13th of July 2017 04:30:44 AM
....”. But with North Sea gas production declining, National Grid expects the UK’s dependence on gas imports to continue for decades, to some degree. ...
Political upheaval will lead to UK economy slowing down, says Moody's image
Source : Guardian [Read Article] Tuesday 11th of July 2017 12:51:23 PM
.... S&P said a study of the data showed that some UK exporters had taken advantage of the fall in sterling to raise their prices rather than to break into new markets. The agency said that while the price increases were to some extent a matter of choice, they were likely to have been necessary for firms that relied on imports which had become more expensive as a result of the falling exchange rate. ...
Why a population of, say, 15 million makes sense for Australia image
Source : Guardian [Read Article] Tuesday 11th of July 2017 04:54:13 AM
....But Australians stubbornly continue to have small families. The endless growth coalition responds by demanding the government imports hundreds of thousands of new consumers annually, otherwise known as the migration intake. ...
Fears for UK economy after weaker-than-expected growth reports image
Source : Guardian [Read Article] Friday 7th of July 2017 11:37:06 AM
.... Much of the debate has centred around whether stronger exports and business investment can offset a slowdown in consumer spending as households grapple with higher living costs. The latest figures showed exports did pick up between April and May but by less than imports. ...
Butter price at all-time high as dairy production curdles image
Source : Guardian [Read Article] Friday 7th of July 2017 11:28:15 AM
....He said farmers had “hit the brakes” in 2016 after a drop in milk prices, with production down by 5% to 10%. Many farmers quit the dairy industry after prices slumped in the wake of a Russian ban on EU imports and heavy price competition among supermarkets trying to fight off the rise of discounters Aldi and Lidl. ...
'Battle mood' EU threatens bourbon whiskey in US steel trade row image
Source : Guardian [Read Article] Friday 7th of July 2017 11:17:26 AM
....The EU is hoping to divide the Republicans by warning that Republican protection for the rust best will lead to EU retaliation in the American farm belt. The EU trade commissioner, Cecilia Malmström, has said she is “extremely worried” about a US threat to curb steel imports for national security reasons, saying the step could trigger protectionist reactions around the world. ...
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. ...
Japan and EU expected to sign trade deal on Thursday image
Source : Guardian [Read Article] Thursday 6th of July 2017 05:46:17 AM
....Following the Brexit vote, Theresa May has vowed to leave the customs union, meaning British exporters are unlikely to see any benefits from the EU deal. The deal means Japan will drop tariffs on many valuable European imports, including chocolate, pasta and some types of cheese. ...
Bank of England's Michael Saunders: 'Prepare for higher interest rates' image
....The pound’s sharp fall since the Brexit vote has left the Bank with a tricky balancing act. A weaker pound has made imports more expensive and pushed inflation well above the Bank’s 2. ...
Hard Brexit has been confounded by some harder realities image
Source : Guardian [Read Article] Sunday 2nd of July 2017 06:00:21 AM
....The evidence for concern about Brexit-induced potential loss of trading and investment opportunities is accumulating thick and fast. I was particularly struck by Unwin’s point that, if the UK is forced to follow the hard Brexiters’ path towards dependence on World Trade Organisation rules, “it will find itself subject to substantial tariffs on its exports to and imports from the EU and possibly no deal for finance and services at all”. ...
Household income falling at fastest rate since 1976 as UK savings rates crash image
....8 percentage points from growth in the first quarter. Some deterioration had been expected in the City after the sharp narrowing of the deficit in late 2016, and analysts said the fall in the value of sterling – which makes exports cheaper and imports dearer – should help the balance of payments. ...
Consumer confidence is lowest since Brexit vote aftermath, survey finds image
....The report follows official figures showing that pay is falling again in real terms thanks to a combination of lacklustre wage growth and rising inflation. Inflation has been rising on the back of a weak pound since the Brexit vote, which has made imports to the UK more expensive. ...
Ice-cream demand fires up supermarket sales in June image
Source : Guardian [Read Article] Tuesday 27th of June 2017 09:11:01 AM
....Salmon: up 23. 8% Industrial action in Iceland and a serious outbreak of salmon lice in Scotland and Norway has hit production, while the decline in sterling has increased the price of imports. ...
Brexit could destroy the UK's food and farming industry – or be the making of it | Felicity Lawrence image
.... It lay buried through most of the referendum campaign – but if not skilfully defused, it could go off with devastating consequences for our food system. Consider these little-discussed facts: that food and drink is the UK’s largest remaining manufacturing sector – it’s bigger than the car and aerospace industries combined, and contributes over £28bn a year to the economy; that Europe is its most significant export market; that across the whole chain including farming, food accounts for over 13% of national employment; that 55% of all UK farm income is derived from European subsidies; that since we only produce just over half of what we eat, we depend on European imports for a quarter of our consumption; and that the sector has become so dependent on European migrant workers that without them it could collapse, as British strawberry growers have just warned. ...
With politics turned on its head, Labour sticks to Brexit ambiguity image
Source : Guardian [Read Article] Sunday 25th of June 2017 01:05:57 PM
....There have been economic consequences of the referendum. The pound’s fall has made imports dearer and contributed to a squeeze on living standards, but it has helped manufacturers who, according to the CBI, have the strongest order books in three decades. ...
Move by UK supermarkets threatens to bring Fairtrade crashing down image
Source : Guardian [Read Article] Saturday 24th of June 2017 11:02:13 PM
....But its biggest test is likely to be Brexit and the many new “free trade” deals which Britain, the US and others are expected to sign. New taxes on imports from the world’s poorest countries could cost small producers billions of dollars. ...
Brexit economy: UK faces slowdown amid living standards squeeze image
Source : Guardian [Read Article] Thursday 22nd of June 2017 11:01:36 AM
....Wages are now falling in real terms – adjusting for inflation – and the squeeze on household budgets has hurt consumer-facing businesses. But unemployment remains at a 42-year low, a drop in imports has narrowed Britain’s trade deficit and the pound’s renewed weakness has boosted the FTSE 100 by flattering the performance of companies that operate overseas and report their earnings in dollars. ...
British farmers warn loss of EU workers will see strawberry prices soar image
Source : Guardian [Read Article] Thursday 22nd of June 2017 12:00:22 AM
.... Sales continue to increase year on year. “But if we cannot ensure access to the seasonal workers needed to produce soft fruit in Britain, that will be an unintended consequence of Brexit – along with soaring prices and increased reliance on imports. ...
Closure of UK’s largest gas storage site ‘could mean volatile prices’ image
. The closure of the UK’s largest gas storage plant has prompted warnings that the country faces more volatile winter gas prices and is becoming too dependent on energy imports. ...
UK economy will slow amid Brexit talks and pay squeeze, warns CBI image
Source : Guardian [Read Article] Monday 19th of June 2017 11:01:49 PM
.... Growth should be steady, if restrained, over the next couple of years as the pace of the economy shifts down a gear,” said Carolyn Fairbairn, the CBI director general. Fairbairn warned the strain on households was likely to continue as the pound’s weakness since the Brexit vote pushed up the cost of imports and stoked inflation. ...
Jaguar Land Rover to recruit 5,000 staff after record year of sales image
Source : Guardian [Read Article] Sunday 18th of June 2017 04:50:45 PM
....Its expansion plans will bolster hopes that the UK’s export sector can help offset some of the domestic pressures on the economy in the years ahead as household budgets continue to be squeezed by weak pay growth and rising inflation on the back of the slide in sterling triggered by Brexit. The pound’s weakness since the referendum has made imports to the UK more expensive, but it has also been a boon to some exporters because it makes their goods more competitive in overseas markets. ...
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
.... Inflation is heading above 3%, at which point the Bank’s governor, Mark Carney, will have to write an explanatory letter to the chancellor, Philip Hammond. 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. ...
Bank of England edges closer to increasing UK interest rates image
Source : Guardian [Read Article] Thursday 15th of June 2017 11:11:41 AM
.... Data released on Tuesday showed that in May inflation hit 2. 9%, driven in part by the pound’s weakness since the Brexit vote, which has made imports to the UK more expensive. ...
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
....The ONS said average store prices increased by 2. 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. ...
Incomes squeeze denied May a landslide – now she must change course image
Source : Guardian [Read Article] Tuesday 13th of June 2017 01:06:01 PM
.... The figures for May will be released on Wednesday, but are unlikely to show much change to the recent squeeze on living standards. The upward pressure on prices initially came from a recovery in oil prices, but has subsequently been the result of the fall in the value of the pound, which has made imports dearer. ...
UK employers plan to keep hiring despite Brexit and slow growth image
Source : Guardian [Read Article] Tuesday 13th of June 2017 05:01:47 AM
....Since the start of this year, the economy has lost steam as consumers have cut back on spending amid rising cost pressures. The pound’s sharp fall since the Brexit vote has made imports more expensive and official figures due on Tuesday are expected to show that inflation held at its highest level for more than three years last month. ...
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. ...
If hard Brexit is dead, the odds on a chaotic one have shortened image
Source : Guardian [Read Article] Sunday 11th of June 2017 06:00:47 AM
.... The UK has just held a “Brexit election” in which neither main party wanted to talk in detail about Brexit. One former energy minister warned a few years ago that if there was chaos in Qatar, the tiny gulf state that supplies a third of the UK’s gas imports, then the UK would be “up shit creek”. ...
UK industrial output weaker than expected image
Source : BBC [Read Article] Friday 9th of June 2017 10:05:52 AM
....The goods trade deficit with the rest of the world narrowed to £10. 4bn from £12bn in March, which was mainly due to a sharp fall in imports. ...
Qatar and the UK image
Source : BBC [Read Article] Friday 9th of June 2017 04:51:11 AM
.... And for Qatar, trade means liquefied natural gas (LNG). Natural gas makes up about 29% of the UK's fuel imports and of that, about 29% is in the form of LNG, transported in double-hulled, temperature-controlled ships, such as the distinctive "Dinosaur Egg Carriers". ...
Qatar crisis highlights rising UK energy reliance on imports image
Source : Guardian [Read Article] Thursday 8th of June 2017 06:29:15 PM
. Britain’s increasing reliance on energy imports as the North Sea’s oil and gas wealth declines has been highlighted by the diplomatic crisis engulfing Qatar. ...
China trade healthier than expected image
Source : BBC [Read Article] Thursday 8th of June 2017 08:22:28 AM
. China's exports and imports rose by more than forecast in May, indicating that economic growth remains resilient amid concerns about a slowdown. ...
Could growth hacking be the low-cost key to business success? image
Source : Guardian [Read Article] Thursday 8th of June 2017 06:00:19 AM
....”. Growth hacking may be one of those trendy imports from Silicon Valley, but its principles are founded in age-old business practices. ...
S&P lowers Qatar's credit rating image
Source : BBC [Read Article] Wednesday 7th of June 2017 07:54:42 PM
....Qatar's biggest trade partners are outside the region. But six states involved in the blockade account for 10% of Qatari exports and 15% of its imports, according to the S&P note. ...
Philippines partially lifts Qatar workers ban image
Source : BBC [Read Article] Wednesday 7th of June 2017 01:30:04 AM
.... . The Philippine government said one of its main worries was a possible risk of food shortages in Qatar, which imports about 90% of its produce. ...
How many boxes? image
Source : BBC [Read Article] Tuesday 6th of June 2017 11:02:23 PM
....More firms are choosing to use air freight to get their goods to market, from diamonds to car parts, even though it is six times more expensive than sending them by sea - and rock superstars depend on it too. While air freight makes up just 1% of UK imports and exports in terms of tonnage shipped, it accounts for 40% of imports and exports in terms of their value. ...
UK households cut back as Brexit effect on pound hits living costs image
Source : Guardian [Read Article] Tuesday 6th of June 2017 05:01:14 AM
....The upward push on prices stems largely from the pound’s sharp fall since last June’s Brexit vote. That has made imports to the UK more expensive and along with higher oil prices has lifted inflation to its highest level in more than three years. ...
Russia lifts sanctions on Turkish food in diplomatic thaw image
Source : BBC [Read Article] Friday 2nd of June 2017 02:18:40 PM
. Russia has lifted a ban on imports of Turkish food, imposed after a Russian bomber was shot down on the Syria-Turkey border in November 2015. ...
Revealed: chocolate and drinks shrink since Brexit vote with no price drop image
....”. The UK imports 48% of its food and the plummeting value of the pound has increased costs for importers. ...
Chateau Brexit? Average price of bottle of wine reaches record high image
Source : Guardian [Read Article] Thursday 1st of June 2017 10:15:00 AM
....The WSTA has urged the government to ensure that Brexit does not turn UK ports into a “lorry park” with severe delays and gridlocks, which could prompt a resurgence of alcohol smugglers. Britain imports 1. ...
UK comes bottom of G7 growth league as Canada takes lead image
Source : Guardian [Read Article] Wednesday 31st of May 2017 04:28:02 PM
....The sluggish expansion in the first quarter provides the latest evidence that the early resilience to the EU referendum result last June is now wearing off as higher inflation puts consumers under pressure. Prices have been increasing since the Brexit vote because the referendum result sent the pound sharply lower and has raised the cost of imports to the UK. ...
UK exports record amount of food and drink image
Source : BBC [Read Article] Tuesday 30th of May 2017 11:52:22 PM
....However, while the weaker pound benefited UK exporters, the FDF said it had also pushed up costs for British businesses that bring food into the UK from abroad. As a result, the UK's food and drink trade deficit - the difference between how much the UK imports and exports - actually widened 19% to £6. ...
Higher inflation drives down real wages for British workers image
Source : Guardian [Read Article] Tuesday 30th of May 2017 12:48:46 PM
....The referendum result did not deliver the drastic hit to economic growth that some had predicted but it did send the pound sharply lower. That has made imports to the UK more expensive, helping to push inflation up to its highest level in more than three years. ...
UK lobbies Europe to dilute flagship energy efficiency law image
Source : Guardian [Read Article] Sunday 28th of May 2017 01:06:30 PM
....Green campaigners warned that the efforts to undermine the energy efficiency directive were a sign the Conservatives would dilute or abolish European energy and climate policies after the UK leaves the EU. In the past, the UK has publicly welcomed the targets, which end in 2020, as an important driver for reducing consumer bills and reliance on energy imports. ...
This election ignores the most pressing issue: our economic outlook is disastrous | Laura Gardiner image
....What’s happening to family budgets matters far more to people now than talk of article 50. Of course, some elements of the forthcoming squeeze are linked to the decision to leave the EU, such as the rising cost of imports driving up the prices we pay in shops. ...
Labour’s hope doesn’t usually play well in an age of anxiety image
Source : Guardian [Read Article] Saturday 27th of May 2017 04:00:32 PM
.... Then there are the long-term threats to many people’s jobs, such as the much-discussed rise of the robots. Looking back over the last seven years, it is easy to see that the feelgood days that came after the summer of 2014 were generated by a sugar rush of low oil prices, low-cost imports and plentiful cheap labour. ...

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