It came after the pound slid to a three-year low on Tuesday as investors braced themselves for a turbulent day in Westminster.

The pound dived to a near six-month low against the dollar on Monday as concerns grew that arch-Brexiteer Boris Johnson will replace Theresa May as prime minister as he remains far ahead of his rivals in the race to lead their ruling Conservative Party.

The pound is already under pressure from fears that Britain will fail to clinch a trade deal with the European Union by the end-2020 deadline.

The pound slid today after EU’s chief negotiator, Michel Barnier, warned that a trade deal between the EU and UK was slipping away.

If no-deal Brexit goes ahead, the pound could be worse than a US dollar, exceeding the current record lows.

The increases would come from hefty tariffs on imports and the cost of increased border checks on food coming into the country.

Britain's Prime Minister Boris Johnson will suspend Parliament for more than a month before Brexit, enraging opponents and raising the stakes in the country's most serious political crisis in decades.

Boris Johnson downplaying economic risks for political gain, say bank’s economists in scathing assessment of government’s strategy and its impact

First Minister announces 'biggest campaign on the economics of independence' in party's history.

Pharmaceutical industry leaders want a temporary ban on drugs exports to prevent the NHS being hit by shortages in the event of a no-deal Brexit.

Childrenswear and maternity retailer says it plans to increase price of clothing and toys by up to 5% this summer.

‘The level of food waste is morally reprehensible,’ says National Farmers’ Union chair.

The value of sterling against the dollar has fallen by about 18 per cent since the UK voted to leave the EU in June.

Former PM’s disastrous tax-cutting plan piled an extra £91m on the UK’s payments to the bloc, Treasury documents show.

Almost seven years on from the Brexit referendum, there remains uncertainty over the future UK-EU relationship. Reflecting on the lessons from the last seven years, Neil Kinnock argues there remains a clear case for the UK being an economic, political, social, scientific and cultural part of the Europe of the future.

Prices of Lego will rise in Britain in the new year, the Danish company has confirmed. Lego Group is increasing its prices in response to the pound’s decline in the aftermath of the EU referendum.

Ex-US Treasury chief fears for UK becoming ‘submerging market’. / “Between Brexit, how far the Bank of England got behind the curve and now these fiscal policies, I think Britain will be remembered for having pursuing the worst macroeconomic policies of any major country in a long time.”

"I am very fearful for Britain on the path that it is travelling." / Former US Treasury Secretary Larry Summers says Brexit and Liz Truss’s extreme tax cutting is turning the UK into a “submerging market”.

It comes after a searing article by former chancellor Philip Hammond about the PM.

Brexiteer MP overheard talking about markets on night of 2016 referendum vote. / Chancellor Kwasi Kwarteng reportedly said “who cares if Sterling crashes” in the immediate aftermath of the Brexit referendum result in 2016.

I have started reading the Brexit literature again. A recent paper – ‘What impact is Brexit having on the UK economy?’ by Graham Gudgin, Julian Jessop and Harry Western (GJW) from October 2022 argues there is no hard evidence of harm and that studies that claim to find harm are biased and/or incompetent! In this blog, I consider a few of their points in four areas.

'...my self-imposed task of documenting the Brexit impact has become a challenge not so much because of the difficultly of weighing up the positives and the negatives, but rather due to the sheer amount of damage Brexit is doing up and down the country, left, right and centre, and across sectors.'

Hong Kong stocks plummeted on Friday as the UK voted to leave the European Union.