Showing:
◈ 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’.
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 downplaying economic risks for political gain, say bank’s economists in scathing assessment of government’s strategy and its impact
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?
The UK economy contracted 0.2% between April and June, its worst performance since 2012, the Office for National Statistics said.
Top mandarin's bombshell No Deal warning: Food up 10%, police unable to protect public, direct rule in Ulster, worse recession than 2008 says leaked letter
02/04/2019
Britain's highest-ranking civil servant has issued a doomsday analysis of how the country would be affected by a No Deal Brexit, as MPs yet again failed to break the deadlock last night.
Manufacturing sector shrinks as recession looms – Ports and Brexit complications made matters worse
01/09/2022
The inflationary clouds that have been building over the UK manufacturing industry have finally burst, with a dramatic fall in demand creating the sharpest reduction of new orders since May 2020.
The next, Brexit-induced recession will be most painful for poorer households, who are also those that voted Leave in greatest numbers.
THE pound has fallen to its weakest level against the US dollar since 1985 amid fears the UK is heading for a lengthy recession.
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'.
London: British Prime Minister Boris Johnson has ordered ministers to slash one in five public service jobs to free up billions for tax cuts.
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.
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.
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.
A 0.2% contraction between April and June was weakest since fourth quarter of 2012.
Annual growth will fall below 1% for first time in decade even with a deal, says thinktank.
UK likely to fall into recession after no-deal Brexit, top international credit rating agency predicts
03/07/2019
Bank economists also note that weakening world economy would amplify Brexit hit to UK.
Probably not the anniversary present the government was hoping to offer the public.
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.
The price of Brexit has been £66 billion so far, plus an impending recession — and it hasn't even started yet
07/04/2019
The damage to the UK economy due to Brexit has cost £66 billion ($86 billion) so far, and left the United Kingdom teetering at the brink of a new recession, according to economic data published last week.
EU withdrawal fuelling higher import costs and costing British workers nearly £500 a year, says Resolution Foundation.
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.
Current financial woes ‘bear out warnings of Remain side in EU referendum’.
Frances O'Grady uses speech in North East to warn of effects of bad Brexit.