As Prime Minister Boris Johnson prepares to depart Downing Street, tossed from office by his own party, his legacy — the opening lines of his eventual obituary — will call him the man who “got Brexit done.” / So how is that going? What can be said about the post-Brexit Britain that Johnson is leaving behind?
If Britain ends up in the recession expected by the Bank of England, public anger will be looking for an outlet. / I asked Albrecht Ritschl, professor of economic history at the LSE, what single move the UK government could make to alleviate the pain. “Suspend Brexit for 20 years.”
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.”
SNP Westminster leader Ian Blackford says Brexit is now starting to harm the UK economy. He asked if the government would negotiate an economic agreement with the EU, or if he would "wilfully push the UK into recession".
EU withdrawal fuelling higher import costs and costing British workers nearly £500 a year, says Resolution Foundation.
ONS figures show GDP fell by 0.3 per cent in April, with all three main sectors suffering a fall in output for the first time since January 2021.
London: British Prime Minister Boris Johnson has ordered ministers to slash one in five public service jobs to free up billions for tax cuts.
How Britain Falls Apart 05/01/2022
A road trip through the ancient past and shaky future of the (dis)United Kingdom. / The grim reality for Britain as it faces up to 2022 is that no other major power on Earth stands quite as close to its own dissolution.
Accountancy firm warns of stalled economic recovery without EU trade agreement.
Blair report tells Johnson to delay completion by 12 months to avoid ‘disastrous no deal’ 16/07/2020
'Too late' to strike a full agreement before December cliff-edge, study commissioned by ex-prime minister concludes - and Europe is staring down barrel of 'a deep recession'.
Brexiters are often accused of living in the past. That is manifest in the now recurring Brexiter response to concerns about Brexit: ‘but we did perfectly well before’.
A NO-DEAL Brexit risks extra trouble for the UK during an oncoming recession that could be as deep as the Great Depression, the head of the World Trade Organisation (WTO) has said.
Boris Johnson’s Brexit policy risks no-deal crash-out next year that will trigger a recession and return to austerity, expert IFS analysis indicates 28/11/2019
Institute for Fiscal Studies says it is 'plausible' to expect a £50 billion boost to UK economy if Brexit is cancelled.
Boris Johnson accused of misleading voters after claiming there is 'absolutely zero' risk of no-deal Brexit 19/11/2019
'I believe the trade experts', says ex-treasury minister David Gauke - pointing to consensus rejecting claims of rapid new deal.
Britain’s economy grew at its slowest annual pace in nearly a decade during the three months to September as the global slowdown and Brexit worries hit manufacturing and business investment, official figures showed on Monday.
Frances O'Grady uses speech in North East to warn of effects of bad Brexit.
Boris Johnson downplaying economic risks for political gain, say bank’s economists in scathing assessment of government’s strategy and its impact
GDP shows negative growth for first time in nearly 7 years.
The drop comes despite a boost to the economy in the first quarter of the year, thanks to Brexit stockpiling.
A 0.2% contraction between April and June was weakest since fourth quarter of 2012.
The UK economy contracted 0.2% between April and June, its worst performance since 2012, the Office for National Statistics said.
Bank of England cuts UK growth forecast 01/08/2019
Brexit uncertainties are becoming "more entrenched" and increasingly weighing on the British economy less than three months before the country is scheduled to leave the European Union, the Bank of England said Thursday.
No-deal Brexit could see substantial number of businesses become unprofitable and trigger food shortages, Mark Carney warns 02/08/2019
‘The challenge is, particularly in food, it’s perishable, so you can’t stockpile today for demand in November,’ Carney says. / A no-deal Brexit could cause food shortages, Mark Carney has suggested, adding that job losses and business closures are also likely.
The next, Brexit-induced recession will be most painful for poorer households, who are also those that voted Leave in greatest numbers.
A no-deal Brexit would deliver an “instantaneous shock” to the British economy and could tip the UK into a recession, the Bank of England governor Mark Carney has warned.