Topic filter : Referendum

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....Social media was in uproar as news of the ban emerged, with some users speculating that it might be a bid to suppress criticism on President Recep Tayyip Erdogan's Wikipedia page. Mr Erdogan narrowly won a controversial 16 April referendum on increasing his powers, but the issue has deeply divided the country. ... [Read full article on BBC ]
Saturday 29th of April 2017 01:34:07 PM
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.... And many parts of the EU and eurozone economy have not looked this healthy in years or even decades. Europe is not out of the woods, but it is not about to go up in flames either, let alone, to quote the Daily Mail on the day of the EU referendum, “broken” and “dying”. ... [Read full article on Guardian ]
Tuesday 25th of April 2017 07:00:41 AM
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.... . Most Labour MPs backed Remain vote in last year's referendum. ... [Read full article on BBC ]
Tuesday 25th of April 2017 06:32:28 AM
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. The housing market continues to defy fears of a post-referendum slump after sellers’ asking prices hit a new record high of more than £313,000 on average in April. ... [Read full article on Guardian ]
Monday 24th of April 2017 06:00:04 AM
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.... Men’s shoes remain its fastest-growing category and account for 9% of revenue. The company has benefited from the drop in sterling since the EU referendum and is expanding in China. ... [Read full article on Guardian ]
Monday 24th of April 2017 08:25:28 AM
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.... Preston said the sale of expensive London homes was “well-timed” as the company expects the top end of the market to decline further. “At the top end of the market, we saw (and made sales ahead of) more evidence of falling prices, caused in part by higher stamp duty and a mood of general uncertainty in the run-up to the UK’s EU referendum in June and thereafter,” Preston said. ... [Read full article on Guardian ]
Tuesday 25th of April 2017 05:00:42 PM
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.... The work and pensions minister, Damian Green, said on Sunday that the Conservative party’s election manifesto would focus on the Brexit negotiations and domestic concerns such as strengthening the economy. The negative effects of sterling’s slide since the EU referendum appear to be outweighing the positive effects – a boost to exports. ... [Read full article on Guardian ]
Monday 24th of April 2017 06:00:04 AM
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....Post-Brexit, there will be an international market and there will be a flight to quality. The report, published on Tuesday, highlights a survey by the University and College Union (UCU) which showed that 76% of European academics in UK universities said they were more likely to consider leaving UK higher education as a result of the referendum vote. ... [Read full article on Guardian ]
Tuesday 25th of April 2017 05:00:39 AM
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....Stock markets remain near record highs and the pound has been given a fillip by news of the election, with investors predicting the result will strengthen May’s position in Brexit negotiations with her EU counterparts. 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. ... [Read full article on Guardian ]
Tuesday 25th of April 2017 10:38:58 AM
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.... Labour would be the party of stability while the Tories only offer recklessness. The party would obviously arouse the scorn of the Tory media that would scream that Labour is defying democracy and holding last year’s referendum in contempt. ... [Read full article on Guardian ]
Thursday 27th of April 2017 06:50:15 PM
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....Scott McCready rents holiday cabins on the Devonshire coast. He says sterling's fall last year following the referendum vote had a marked and immediate effect on his bookings. ... [Read full article on BBC ]
Wednesday 26th of April 2017 11:01:32 PM
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....It also emerged that the prime minister may stick with her position that now is not the right time to withdraw from the European convention on human rights while the Brexit process is ongoing. She said during the referendum campaign that she would like to withdrawfrom the treaty, which is entirely separate from the EU and governs aseries of rights and freedoms. ... [Read full article on Guardian ]
Wednesday 26th of April 2017 09:00:47 PM
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.... It has introduced a deal for a £1 bacon roll if it is bought with a coffee at breakfast time, with new salads to be added to the menu in the summer and hot food in the autumn. The company has also negotiated new supplier deals, as the slide in sterling has pushed up the cost of imported materials since the EU referendum, as part of a £150m cost efficiency programme. ... [Read full article on Guardian ]
Tuesday 25th of April 2017 12:20:58 PM
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.... Uncertainty about the future of Britain in Europe and the fall in the value of the pound are taking their toll on the number of UK buyers investing in a little place in the Mediterranean sun. A report by Spain’s Association of Land and Commercial Registrars last week revealed British demand for second homes in Spain was down nearly 30% on last year’s pre-referendum levels. ... [Read full article on Guardian ]
Friday 28th of April 2017 04:03:49 PM
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.... . He added that he campaigned "passionately to stay in, but we lost the referendum". ... [Read full article on BBC ]
Tuesday 25th of April 2017 03:09:21 PM
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. The UK economy suffered a sharp slowdown in the opening months of this year, as the post-referendum rise in living costs took its toll on British households and hit consumer spending. ... [Read full article on Guardian ]
Friday 28th of April 2017 02:33:56 PM
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....“Many analysts have said for a while that inflation would bite and these figures show that it has started to – and is likely to get worse over the coming year,” said Stephen Harmston, head of YouGov reports. The downbeat tone of the poll chimes with signs the economy has lost momentum in recent months as the post-referendum resilience in consumer spending wanes. ... [Read full article on Guardian ]
Friday 28th of April 2017 06:01:03 AM
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Sunday 23rd of April 2017 11:26:37 AM
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.... . This reverses the effect seen after the Brexit referendum, when the pound crashed and the FTSE 100 soared. ... [Read full article on Daily Express ]
Sunday 23rd of April 2017 01:10:00 PM
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....With less than six weeks to go to the election, a look at the economic backdrop reveals there is both good news and bad for the government. Business activity continues to riseDefying the doomsayers, the predicted post-referendum slump in business activity simply has not happened. ... [Read full article on Guardian ]
Saturday 29th of April 2017 03:00:02 PM
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Latest Finance News related to Referendum

Good and bad news from an economy in uncharted territory image
Source : Guardian [Read Article] Saturday 29th of April 2017 03:00:02 PM
Turkish authorities block Wikipedia without giving reason image
Source : BBC [Read Article] Saturday 29th of April 2017 01:34:07 PM
....Social media was in uproar as news of the ban emerged, with some users speculating that it might be a bid to suppress criticism on President Recep Tayyip Erdogan's Wikipedia page. Mr Erdogan narrowly won a controversial 16 April referendum on increasing his powers, but the issue has deeply divided the country. ...
Weak pound melts the British dream of a place in the sun image
Source : Guardian [Read Article] Friday 28th of April 2017 04:03:49 PM
.... Uncertainty about the future of Britain in Europe and the fall in the value of the pound are taking their toll on the number of UK buyers investing in a little place in the Mediterranean sun. A report by Spain’s Association of Land and Commercial Registrars last week revealed British demand for second homes in Spain was down nearly 30% on last year’s pre-referendum levels. ...
British consumers' confidence slumps as inflation grows image
Source : Guardian [Read Article] Friday 28th of April 2017 06:01:03 AM
....“Many analysts have said for a while that inflation would bite and these figures show that it has started to – and is likely to get worse over the coming year,” said Stephen Harmston, head of YouGov reports. The downbeat tone of the poll chimes with signs the economy has lost momentum in recent months as the post-referendum resilience in consumer spending wanes. ...
Be bold Labour: promise to abandon this ruinous Brexit | Jonathan Steele image
Source : Guardian [Read Article] Thursday 27th of April 2017 06:50:15 PM
.... Labour would be the party of stability while the Tories only offer recklessness. The party would obviously arouse the scorn of the Tory media that would scream that Labour is defying democracy and holding last year’s referendum in contempt. ...
TV drama and the weak pound set the scene for holidaymakers image
Source : BBC [Read Article] Wednesday 26th of April 2017 11:01:32 PM
....Scott McCready rents holiday cabins on the Devonshire coast. He says sterling's fall last year following the referendum vote had a marked and immediate effect on his bookings. ...
Theresa May weighing up cheaper 'double lock' for pensions image
Source : Guardian [Read Article] Wednesday 26th of April 2017 09:00:47 PM
....It also emerged that the prime minister may stick with her position that now is not the right time to withdraw from the European convention on human rights while the Brexit process is ongoing. She said during the referendum campaign that she would like to withdrawfrom the treaty, which is entirely separate from the EU and governs aseries of rights and freedoms. ...
Andrew Tyrie to stand down as Conservative MP after 20 years image
Source : Guardian [Read Article] Tuesday 25th of April 2017 05:33:38 PM
....In his seven-year stint overseeing the all-group, Tyrie had tart exchanges with Osborne over his failure to provide a detailed breakdown of the winners and losers from budget decisions and – as chair of the liaison committee – nettled Cameron with questions over the government’s bombing campaign in Syria. Chilcot was grilled over his report into Blair’s decision to go to war in Iraq, while Carney, the governor of the Bank of England, was taken to task last year over his comments during the EU referendum. ...
Duke of Westminster's £12bn property firm hit by London slump image
Source : Guardian [Read Article] Tuesday 25th of April 2017 05:00:42 PM
.... Preston said the sale of expensive London homes was “well-timed” as the company expects the top end of the market to decline further. “At the top end of the market, we saw (and made sales ahead of) more evidence of falling prices, caused in part by higher stamp duty and a mood of general uncertainty in the run-up to the UK’s EU referendum in June and thereafter,” Preston said. ...
Brexit: Labour's Sir Keith Starmer wants talks over customs union image
.... . He added that he campaigned "passionately to stay in, but we lost the referendum". ...
Theresa May promises personal tax allowance will go up to woo working-class voters image
....Mrs May will make a whistle-stop tour of Wales today in a bid to promote her Brexit position to the country which voted out. Leave won the EU referendum campaign in Wales with 854,572 (52. ...
Costa Coffee owner welcomes plan for 'barista visas' after Brexit image
Source : Guardian [Read Article] Tuesday 25th of April 2017 12:20:58 PM
.... It has introduced a deal for a £1 bacon roll if it is bought with a coffee at breakfast time, with new salads to be added to the menu in the summer and hot food in the autumn. The company has also negotiated new supplier deals, as the slide in sterling has pushed up the cost of imported materials since the EU referendum, as part of a £150m cost efficiency programme. ...
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
....Stock markets remain near record highs and the pound has been given a fillip by news of the election, with investors predicting the result will strengthen May’s position in Brexit negotiations with her EU counterparts. 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. ...
The doom-mongers got it wrong: the centre is holding in Europe | Joris Luyendijk image
.... And many parts of the EU and eurozone economy have not looked this healthy in years or even decades. Europe is not out of the woods, but it is not about to go up in flames either, let alone, to quote the Daily Mail on the day of the EU referendum, “broken” and “dying”. ...
Brexit brain drain threatens UK universities, MPs warn image
Source : Guardian [Read Article] Tuesday 25th of April 2017 05:00:39 AM
....Post-Brexit, there will be an international market and there will be a flight to quality. The report, published on Tuesday, highlights a survey by the University and College Union (UCU) which showed that 76% of European academics in UK universities said they were more likely to consider leaving UK higher education as a result of the referendum vote. ...
Now on sale: Jimmy Choo (the whole company) image
Source : Guardian [Read Article] Monday 24th of April 2017 08:25:28 AM
.... Men’s shoes remain its fastest-growing category and account for 9% of revenue. The company has benefited from the drop in sterling since the EU referendum and is expanding in China. ...
Asking prices for homes rise to record average of £313,655 image
Source : Guardian [Read Article] Monday 24th of April 2017 06:00:04 AM
. The housing market continues to defy fears of a post-referendum slump after sellers’ asking prices hit a new record high of more than £313,000 on average in April. ...
Inflation puts the brakes on Britain's economic activity image
Source : Guardian [Read Article] Monday 24th of April 2017 06:00:04 AM
.... The work and pensions minister, Damian Green, said on Sunday that the Conservative party’s election manifesto would focus on the Brexit negotiations and domestic concerns such as strengthening the economy. The negative effects of sterling’s slide since the EU referendum appear to be outweighing the positive effects – a boost to exports. ...
A hasty election before Britain sees the hard truth of Brexit image
Source : Guardian [Read Article] Sunday 23rd of April 2017 05:59:05 AM
....At a time when this country has a surfeit of economic problems – for example, the pressure on the health service and social care, the savage cuts to the budgets of state schools, and the rise in crime associated pretty obviously with cuts to the police force – the last thing we need is Brexit on top of a misconceived austerity programme. After the election there will presumably be a July budget, accompanied by forecasts from the estimable Office for Budget Responsibility, which will begin to show the economic consequences of the government’s acceptance of a referendum that was conducted beneath a veil of ignorance and deceit. ...
Braced for Brexit image
Source : BBC [Read Article] Friday 21st of April 2017 08:44:19 PM
....Well, even there, Brexit is likely to have consequences. The pound has fallen in value in the wake of last June's referendum outcome. ...
UK retail surge since Brexit vote comes to an end image
Source : Guardian [Read Article] Friday 21st of April 2017 01:11:30 PM
....Analysts said consumers were less willing to spend now the impact of weaker sterling was translating into higher shop prices. 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. ...
Virgin Money chief: 'I have battled with mental health all my life' image
Source : Guardian [Read Article] Thursday 20th of April 2017 04:15:42 PM
....She was also a vocal supporter of the Remain campaign, but she insists she is not now a “remoaner”. While Virgin’s shares lost a third of their value in the immediate aftermath of the EU referendum, they have since regained much of that dip and are back above their float price. ...
George Osborne: history will not be kind to a man whose flaws led to Brexit image
....Instead, he is living proof of Enoch Powell’s dictum that all political careers end in failure unless they are cut off in midstream at an opportune moment. Osborne will be remembered as the austerity chancellor who got the Brexit referendum campaign spectacularly wrong and was then brutally sacked by Theresa May. ...
Government cap on energy prices would spark backlash | Nils Pratley image
Source : Guardian [Read Article] Wednesday 19th of April 2017 06:12:57 PM
....Burberry shareholders did splendidly during the boom years for luxury goods, but the recent air of frustration won’t be cleared by yet another update that was long on grumbles about the “uncertain environment”, even though the company received the great gift of a lower pound. The effect of sterling’s post-referendum fall was seen in tourism-driven strong sales in the UK. ...
Burberry shares dive despite sales rise image
Source : BBC [Read Article] Wednesday 19th of April 2017 09:32:28 AM
.... . In the wake of last year's Brexit vote, chairman John Peace told investors at the company's annual meeting that the opening of the new facility might be delayed, as the company considered the implications of the referendum. ...
RBS stake may be sold at a loss, chancellor admits image
Source : BBC [Read Article] Tuesday 18th of April 2017 11:01:26 PM
.... . George Osborne understood this and sold down a stake at a loss in the last parliament and would have continued had it not been for the eurozone crisis sending shares crashing to REALLY unpalatable levels and the emergence of new political priorities like the EU referendum. ...
FTSE 100 suffers worst day since Brexit vote after May calls election image
Source : Guardian [Read Article] Tuesday 18th of April 2017 05:11:25 PM
. More than £45bn was knocked off the value of shares in Britain’s biggest companies following Theresa May’s snap general election announcement, with the FTSE 100 index suffering its worst day since the Brexit referendum as a rally in the pound hit the stock market. ...
IMF says pace of global economic growth is picking up image
Source : BBC [Read Article] Tuesday 18th of April 2017 01:01:41 PM
.... . The prediction for Britain this year is now only marginally below what the IMF predicted a year ago, its last full forecast before the Brexit referendum. ...
IMF ratchets up UK economic growth forecast to 2% image
Source : Guardian [Read Article] Tuesday 18th of April 2017 01:00:29 PM
....In its half-yearly World Economic Outlook, the IMF said it now envisaged the British economy expanding by 2% in 2017 – making it the second fastest-growing advanced economy after the US. It noted that growth had “remained solid in the United Kingdom, where spending proved resilient in the aftermath of the June 2016 referendum in favour of leaving the European Union [Brexit]”. ...
Batten down the hatches! Rising inflation and low wage growth are pinching the consumer image
.... However, faith in “Trumpflation” is fading and stock markets have cooled in recent weeks, adding to the uncertainty. Die-hard Remainers like to blame all the UK’s challenges on Brexit and while it is true sterling’s post-referendum drop has driven up the price of imported goods, fuelling inflation, the Bank of England must share the blame for last year’s overreaction when it slashed base rates and unleashed stimulus, which is what really sunk the pound. ...
Trump, trade, interest and aid make for a challenging IMF summit image
Source : Guardian [Read Article] Saturday 15th of April 2017 03:00:05 PM
.... At the same time, delegates at the IMF’s meetings will need to be mindful that solutions such as automation risk widening inequality if those who lose their jobs to robots are not given other opportunities. By contrast to last year’s spring meetings for the World Bank and IMF, two electoral uncertainties are out the way: the UK’s referendum on EU membership and the race for the White House in the US. ...
Credit Suisse bosses slash bonuses 40 percent image
Source : Guardian [Read Article] Friday 14th of April 2017 03:10:01 PM
....Thomas Minder, a Swiss politician who has led a revolt against excessive executive pay in the country, said the scale of proposed bonuses being offered by a loss-making company were a “mortal sin”. “If corporate governance is correct and the company has worked well and has a good annual result, then yes, some of [the profits] should be distributed,” said Minder, who led a 2013 referendum resulting in the implementation of the binding shareholder vote on executive pay. ...
Banks cracking down on lending after borrowing binge, survey finds image
Source : Guardian [Read Article] Thursday 13th of April 2017 12:53:17 PM
....But the prospect of households having less access to cash to spend will add to concerns that economic growth will slow this year. Consumer spending has been the main driver of the robust growth that has defied gloomy forecasts from economists since the EU referendum. ...
UK firms 'struggling to recruit staff' image
Source : BBC [Read Article] Thursday 13th of April 2017 01:07:25 AM
...." . A government spokesman told the BBC: "The UK economy has shown sustained momentum since the EU referendum and it's encouraging to see continued investment and growth in important sectors like manufacturing and services. ...
What is the cheapest way to send money overseas? How to transfer money abroad image
Source : Daily Express [Read Article] Wednesday 12th of April 2017 04:55:00 PM
....This means you can use the exchange rate you secured to buy your chosen currency later down the line, even if the exchange rate has weakened. Imagine you’d secured a ‘forward contract’ on the GBP/USD exchange rate just before the referendum. ...
Living standards in UK fall for the first time since 2014 image
Source : Guardian [Read Article] Wednesday 12th of April 2017 12:14:56 PM
....3%. This means households have even less money to spend, after seeing a rise in the prices of staples such as butter and tea over recent months as the slide in the pound since the Brexit referendum pushes up the cost of imported goods. ...
Brexit vote site may have been hacked, MPs say in report image
Source : BBC [Read Article] Wednesday 12th of April 2017 10:55:39 AM
. A voter registration site that crashed in the run-up to last year's EU referendum could have been targeted by a foreign cyber attack, MPs say. ...
UK retail sales fall again as rising living costs bite image
Source : Guardian [Read Article] Monday 10th of April 2017 11:01:12 PM
. Britain’s retailers suffered a third consecutive month of falling sales in March, according to industry figures that add to evidence that a post-referendum rise in living costs is denting consumer spending. ...
Outlook for City after Brexit 'has improved' image
Source : BBC [Read Article] Sunday 9th of April 2017 09:30:14 AM
....The triggering of Article 50 of the Lisbon Treaty last month began the two year countdown to the UK's EU exit. Before the referendum, the financial services sector largely backed the Remain campaign, warning that quitting the bloc could spur an exodus of City jobs. ...
Brexit hasn’t happened yet – and it is changing all the time image
Source : Guardian [Read Article] Sunday 9th of April 2017 06:00:00 AM
....Our counterparts on the continent have known this all along. As the European council president, Donald Tusk, has pointed out, they do not need to “punish” us: by rashly accepting the result of an unbinding, consultative referendum, our leaders are inflicting on this nation enough punishment on their own. ...
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
.... “That’s what we expect but we’ll monitor it and ensure that we chart the right path,” he added at an event in London. The pound is down about 17% against the dollar and 11% against the euro since the referendum, making UK goods and services significantly cheaper to overseas buyers. ...
Scottish economic output falls by 0.2% image
Source : BBC [Read Article] Wednesday 5th of April 2017 12:20:57 PM
....Reacting to the figures, the Scottish government said the impact of the Brexit vote contributed to lower growth in Scotland last year. Finance Secretary Derek Mackay said: "Before the EU referendum, the UK government told us Brexit will make us 'permanently poorer'. ...
McCarthy & Stone blames Brexit for tumbling profits image
Source : BBC [Read Article] Wednesday 5th of April 2017 07:05:36 AM
. Retirement home builder McCarthy & Stone is forecasting a stronger second half after blaming the EU referendum for a 25% slump in interim profits. ...
Brexit: Theresa May suggests free movement extension image
Source : BBC [Read Article] Wednesday 5th of April 2017 02:32:01 AM
.... . The rhetoric and slogans of the EU referendum and its aftermath have passed - now Mrs May and her ministers are preparing the ground for the give-and-take and compromises involved in their mission to deliver success and stability outside the EU. ...
Asos chief says warehouse conditions are 'great' despite complaints image
Source : Guardian [Read Article] Tuesday 4th of April 2017 05:13:48 PM
....2m in the six months to 28 February as the business benefited from a 54% rise in sales overseas, with particularly strong growth in Australia and Russia. The devaluation of the pound after the EU referendum helped exports which now make up 60% of the group’s sales. ...
Online retailer Asos sees exports boosted by weak pound image
Source : BBC [Read Article] Tuesday 4th of April 2017 07:32:22 AM
....Online fashion retailer Asos has seen a jump in half-year profits and sales driven by an "accelerated international performance". The company said the fall in sterling since the EU referendum, had boosted exports, enabling it to cut prices. ...
Brexit top risk for UK bosses but fears of impact receding – poll image
Source : Guardian [Read Article] Monday 3rd of April 2017 06:00:15 AM
....As fears have diminished, appetite for risk has climbed, although it remains below long-term averages. Just over a quarter of CFOs told Deloitte they thought now was a good time to take risk on to their balance sheets, up from 21% in the latter part of last year and 8% after the referendum. ...
Chemicals giant Ineos leads industry lobbying to avoid green tax image
Source : Guardian [Read Article] Monday 3rd of April 2017 05:30:14 AM
.... Ineos is a member of the partnership and its director, Tom Crotty, chairs the initiative’s energy work. One document dated shortly before the European Union referendum said: “Outside the EU: simplify the UK policy mix and seek a single route to 100% exemption from policy costs and CCL [climate change levy, an environmental tax]. ...
Hull after Brexit – will the City of Culture regret voting out? image
Source : Guardian [Read Article] Sunday 2nd of April 2017 02:30:03 PM
....But artist Nayan Kulkarni’s giant temporary installation Blade posed equally gigantic questions about the fragility of the city’s recovery, and the perils of leaving the EU – to which Siemens itself, local MPs, councillors and business leaders were outspokenly opposed, but 66% of Hull voters favoured. Before the referendum, alarmed by the threat of Brexit, Siemens set out its position. ...
Isa rates halved since Brexit vote and eroded further by inflation image
Source : Guardian [Read Article] Saturday 1st of April 2017 06:00:17 AM
.... This compares with £22bn a decade ago. Laith Khalaf, a senior analyst at Hargreaves Lansdown, says: “Since the EU referendum, interest rates and inflation have headed in opposite directions, putting even more of a squeeze on cash savers. ...
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. ...
The UK must not let this Brexit crisis go to waste. Nor must the EU image
Source : Guardian [Read Article] Friday 31st of March 2017 01:53:07 PM
.... That has made London extremely rich, but widened the gap between the capital and the rest of the country. It is no accident that London was so strongly for remain in the referendum, but its economy has more in common with the crescent of prosperity running through northern Italy, eastern France, the Low Countries and the western Länder of Germany than it does with the rest of the UK. ...
UK households’ savings fall to record low in warning sign for economy image
....3% in February, the highest rate for more than three years. Inflation is expected to rise further to about 3% in the coming months as the sharp fall in the value of the pound since the EU referendum increasingly feeds through to higher shop prices. ...
From energy bills to dental work, it's UK national price hike day image
Source : Guardian [Read Article] Friday 31st of March 2017 11:23:14 AM
....Council tax bills, broadband prices, mobile phone charges and even the cost of a postage stamp are going up this weekend. The spectre of inflation has returned to stalk the UK economy, as the post-referendum slump in the pound has driven up the cost of imported goods from petrol to tea, fish and smartphones. ...
New John Lewis boss warns of further job cuts and price rises image
Source : Guardian [Read Article] Thursday 30th of March 2017 05:11:10 PM
....“Customers are feeling a little less certain of their financial security and that is starting to come through in our conversations [with them],” she said, adding this was likely to continue throughout this year. Nickolds said the 16% decline in the value of the the pound since the EU referendum had resulted in “a dramatic impact on input pricing”. ...
Leading City firms begin to lay groundwork for London jobs exodus image
Source : Guardian [Read Article] Thursday 30th of March 2017 01:06:02 PM
....JP Morgan is in talks to acquire a site in Dublin’s Capital Dock from the developer Kennedy Wilson and the National Asset Management Agency, which was created by the Irish government after the financial crisis to buy property loans from banks. Jamie Dimon, chief executive of JP Morgan, said before the EU referendum last June that the bank could be forced to move as many as 4,000 jobs from the UK if the country voted to leave. ...
Champagne producers try to regain fizz as weak pound dents UK sales image
Source : Guardian [Read Article] Thursday 30th of March 2017 09:22:51 AM
....”. So the champagne industry’s strategy for coping with a referendum vote that punished a perceived metropolitan elite is to give that elite something more expensive to quaff. ...
Johnston Press announces £300m pre-tax loss image
Source : BBC [Read Article] Thursday 30th of March 2017 07:28:23 AM
....This was most notable in job advertising, mainly by small and medium-sized enterprises, and down 27%. Johnston Press believes the sharp fall in the third quarter of last year was due to uncertainty following the Brexit referendum. ...
Cool your jets, Michael O'Leary – Brexit unlikely to ground Ryanair | Nils Pratley image
.... The strong suspicion remains that Brexit pushed events in only one direction. This deal, remember, was unveiled in those faraway days when the UK referendum was seen as a piece of political theatre with a dull ending. ...
UK businesses welcome May's free trade call but warn of no-deal Brexit disaster image
....247 and still trading lower than 24 hours earlier. Sterling has fallen sharply since the referendum, although the FTSE 100 share index of leading companies has risen more than 19%. ...
Johnston Press reports £300m loss after huge newspaper writedown image
Source : Guardian [Read Article] Wednesday 29th of March 2017 08:59:13 AM
....Johnston Press blamed factors including jittery advertisers pulling budgets following the Brexit vote last June. “Advertising revenues were dealt a blow following the referendum vote in June,” said Highfield. ...
Markets 'shrug off' Article 50 letter image
Source : BBC [Read Article] Wednesday 29th of March 2017 07:29:56 AM
Immigration should rise and fall after Brexit, David Davis says image
....More than 33. 5 million people voted in a referendum last June on the UK's future in the EU. ...
May's 'global Britain' gets boost as Qatar looks at £5bn investment image
Source : Guardian [Read Article] Monday 27th of March 2017 05:10:53 PM
....On Monday, two days before the planned triggering of article 50, Qatari investors at a London conference suggested they were unperturbed by the prospect of Britain’s departure from the EU and were looking for further opportunities to build on already significant investments in the UK that include the Olympic Village in east London, the Shard building, Harrods department store and a stake in Sainsbury’s. The pound’s weakness since last June’s referendum has made UK assets, such as property and stocks, more attractive to foreign investors. ...
​Sweet Brexit: what sugar tells us about Britain’s future outside the EU image
.... None of the government visitors can match Brexit secretary David Davis who – in a little-known career footnote – spent 17 years working for Tate & Lyle before becoming a politician, much of it battling against what its current American owners regard as the tyranny of European sugar regulation. Tate & Lyle was one of the only large employers to campaign openly for Brexit during the referendum and, after Theresa May invokes Article 50 on 29 March, sugar will be on the frontline of the upcoming battle over Britain’s economic future. ...
UK manufacturers tell May no EU deal is 'simply unacceptable' image
Source : Guardian [Read Article] Monday 27th of March 2017 05:01:00 AM
....A separate report found UK households have become more downbeat about the economic consequences of Brexit. The proportion of people who feel the outlook for the economy over the next decade has worsened as a result of the Brexit vote rose to 53% in March according to a survey by Markit, up from 42% in July last year, immediately after the referendum. ...
Dyson plays down hard Brexit concerns as company posts £2.5bn record sales image
....Dyson pays WTO tariffs because it manufactures products in Singapore then exports them around the world, including to Europe. Dyson, a prominent supporter of Brexit before last year’s referendum, said: “They have not held us back at all. ...
We’re in a fine mess if George Osborne is our last hope of halting Brexit image
.... Its best assessment is that business investment will suffer from Brexit, as will trade, consumer spending and the quality of life generally, not to say the budgetary finances. This is quite apart from the potentially dire impact Brexit may have on centrifugal forces in the EU as a whole – forces, we learn from US intelligence agencies, that were being encouraged by President Putin and his sidekick Donald Trump in the run-up to the 23 June referendum. ...
The British jobs Brexit makes hard to fill image
Source : Guardian [Read Article] Saturday 25th of March 2017 04:00:06 PM
.... The slump in sterling since 23 June last year is eroding potential earnings, and uncertainty over the eventual status of EU nationals has not helped. Meanwhile, Britain’s continental workforce is holding another referendum, but this time with its feet. ...
Brexit economy: UK faces squeeze on living standards image
Source : Guardian [Read Article] Friday 24th of March 2017 10:30:30 AM
....British households are being warned to prepare for a tightening squeeze on living standards, as a Guardian analysis shows the Brexit vote’s blow to the pound is stoking inflation while pay packets are shrinking in real terms. As Theresa May prepares to trigger article 50 next week, kicking off the formal process of the UK leaving the EU, the economy continues to defy the doomsayers who predicted a sudden downturn after the referendum. ...
The Trump bump for shares is dented – but watch where the oil price goes | Nils Pratley image
.... It would be equally true to say that, in financial terms, a £20m fine will be lost in the wash of raw sewage. “Looking forward, the EU referendum has created uncertainty for the UK economic outlook and we remain cautious on the outlook for France,” says Véronique Laury, the chief executive of Kingfisher, which owns B&Q and Screwfix. ...
Shoe retailer Brantano goes into administration with 1,000 jobs at risk image
Source : Guardian [Read Article] Wednesday 22nd of March 2017 05:41:07 PM
....More than 1,000 jobs are at risk after shoe retailer Brantano collapsed into administration. The company has suffered from a rise in costs since the post-referendum fall in sterling amid a generally lacklustre UK footwear market. ...
Tesco pulls Sol, Amstel and Tiger from shelves in Brexit price row image
Source : Guardian [Read Article] Wednesday 22nd of March 2017 03:07:10 PM
.... In total, 24 out of 53 Heineken brands are affected, with eight pulled from the shelves altogether. Heineken is understood to have argued that inflation since the Brexit referendum has pushed up its costs, echoing the argument made by Unilever in its dispute with Tesco over the price of Marmite last autumn. ...
Screwfix boosts Kingfisher's profits image
Source : BBC [Read Article] Wednesday 22nd of March 2017 09:18:25 AM
....The DIY retailer also trades as Castorama and Brico Depot in France, where sales were much weaker. Despite the rise in profits, Ms Laury warned: "Looking forward, the EU referendum has created uncertainty for the UK economic outlook and we remain cautious on the outlook for France, especially in light of the forthcoming presidential elections. ...

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