CBI warns Boris Johnson that Britain needs a deal as it is already facing impact of Covid
The Bank of England indicated Thursday that it could cut interest rates below zero for the first time in its 326-year history as it tries to shore up a U.K. economic recovery that is facing the dual headwinds of the coronavirus and Brexit
Johnson to override EU withdrawal agreement
06/09/2020
Move threatens to collapse talks that PM has said must be completed within weeks.
Pascal Lamy, who was director general of the WTO, between 2005 and 2013, said there was a stark choice for the UK between 'minor' and 'great' trade relations with the country’s largest trading partner.
HSBC, Barclays, Lloyds and NatWest have strong capital buffers but their exposure to U.K. consumers and Brexit is taking a heavy toll.
LSE report says even sectors unscathed from coronavirus crisis will be severely impacted.
THE Tories’ chaotic Brexit project has already cost Scotland £3.94 billion, according to a new report from experts at Warwick University.
Sheer wilfulness — not will of the people
07/07/2020
The Treasury will not carry out any further analysis of the economic impact of the Brexit trade deal Boris Johnson agrees with the EU or the impact of negotiations collapsing, Rishi Sunak has said.
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’.
When the bell tolls at eleven o’clock tonight, ringing out Britain’s membership of the EU, an entire phase of British history will come to a close. For nearly half a century – from 1973 to 2020 – perhaps the single most important fact about British history was its membership of the European Union (or ‘Community’, until 1993).
The United Kingdom has passed the point of no return. It has less than six months to reach a new trade deal with the European Union or risk heaping more pressure on companies that are already laying off tens of thousands of workers because of the coronavirus pandemic.
The UK government will ultimately back away from a no-deal Brexit because trading on World Trade Organisation rules with Europe would be simply too damaging for UK business after the Covid crisis, Peter Mandelson has predicted.
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.
After coronavirus, the UK government can’t afford to play Russian roulette with the EU over a Brexit trade deal - Michael Heseltine
27/06/2020
The battle for foreign investment is not a game conducted on public school playing fields. It is ruthlessly fought by governments armed with every trick in the book.
Angela Merkel says Britain must ‘live with the consequences’ of Boris Johnson’s decision to ditch close alignment with EU
27/06/2020
Poll finds just 25 per cent of voters think PM will get a deal which is good for Britain.
After a February meeting between U.K. Prime Minister Theresa May and 19 Japanese business chiefs, Tokyo’s ambassador to Britain warned what might happen if Brexit took an unfavorable turn for foreign investors.
Companies in the United Kingdom and the European Union face an extra £58 billion ($80 billion) in annual costs if there is a no-deal Brexit, with the U.K.’s vast financial sector set to be the worst-hit industry, according to a report issued Monday.
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.
Former Tory MEP Struan Stevenson insisted it 'makes sense' to have longer for the transition talks.
Nicola Sturgeon says exiting the Brexit transition period at the end of the year would be "extraordinarily reckless".
Constitutional relations secretary Michael Russell warned of a 'catastrophic' recession due to Covid-19.
Britain is already heading for the worst coronavirus-induced slump of any major economy. Now fears are rising that businesses could be slammed by a second body blow this year — the failure of trade talks with the European Union.
No Deal Brexit Is Back With A Vengeance
09/06/2020
The political implications of a no deal outcome threaten to be every bit as significant as its economic fallout, Anand Menon and Jonathan Portes write.