Insurance regulator says post-Brexit softening of rules will put billions of pounds of pension saving at risk.
We desperately need to rejoin the single market and customs union, whatever the former PM thinks.
Yes, that headline is correct. The UK’s trade performance this year fell to its worst level since records began in 1955. And the cause, according to analysts and a headline article in the FT today – Brexit.
Boris Johnson’s government faces deep economic problems. / UK lagging behind major peers on productivity and investment. / “... From a 16% devaluation of the pound to an eye-watering slide in trade and investment, Brexit’s impact is plain to see. The data have only reinforced our view that life outside of the EU would leave the UK worse off.”
The UK will be stuck with searing inflation for years because of Brexit, according to strategists at Wall Street’s top banks.
EU withdrawal fuelling higher import costs and costing British workers nearly £500 a year, says Resolution Foundation.
The economic fallout from leaving the EU is becoming all too apparent.
Cabinet minister in ‘complete denial’ over Brexit harm to Britain’s economy which experts put at £31 billion
13/06/2022
Treasury silent on damage being caused by Brexit to Britain’s economy and Bank of England accused of being reluctant to talk about it.
Thanks to Brexit, sterling is becoming a risky bet for some investors.
Our politicians won’t mention the B-word – but Brexit has made Britain’s economic crisis worse
17/05/2022
Our silence over the issue is compounding the problem.
Stagflation reflects the "realities that Brexit has wrought", economist Adam Posen said.
Former business secretary Sir Vince Cable and nearly 60 economists have warned new policies have echoes of those that contributed to the 2008 crash.
Banks may continue to drift away from London if the European Central Bank intensifies its scrutiny of their presence in the bloc, the Bank of England’s deputy governor said.
It will be years before the full impact of Brexit on Britain's financial sector is fully known as more activity could leave London for the bloc or other centres like New York, Bank of England Deputy Governor Jon Cunliffe said on Monday.
There will be no access to the European Union for Britain's derivatives clearing houses after June 2025, the bloc's financial services chief Mairead McGuinness said on Friday.
The European Commission’s financial services head insisted that U.K. clearinghouses will get no further access to the bloc’s markets after 2025, knocking back the Bank of England governor’s calls for an indefinite trade route into the European Union.
"To bring inflation under control we don’t need rates to rise, we need freedom of movement back," one expert said.
Bank of England policy maker Jonathan Haskel said uncertainty over Britain’s exit from the European Union held back business investment in the U.K.
Britain's economic recovery from the coronavirus pandemic lagged behind that of other rich nations in the July-September period, according to official data on Thursday which underscored the interest rate dilemma facing the Bank of England.
According to the Bank of England, higher borrowing during the pandemic is to blame for putting more businesses at risk.
Wales voted for Brexit by the same margin as the UK overall, 52 to 48 per cent, in sharp contrast to Northern Ireland and Scotland. / There is evidence that disproportionate support for Leave among the 21 per cent of Welsh voters who were born in England tipped the vote for Leave in Wales.
Move by UK regulator seen as limiting relocation to EU’s financial centres.
Andrew Bailey said the deal was broadly in line with what the BOE forecast in November.
“Well, I think the long-term effects ... would be larger than the long-term effects of COVID.”