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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.
‘We believe sterling is in the process of evolving into a currency that resembles the underlying reality of the British economy: small and shrinking,’ say Bank of America currency analysts
'Would we have won without immigration? No. Would we have won without...the NHS? All our research and the close result strongly suggests no. Would we have won by spending our time talking about trade and the single market? No way'
The increases would come from hefty tariffs on imports and the cost of increased border checks on food coming into the country.
Currency has dropped 1.5% over past two trading days, and has flirted around the $1.30 mark
Sterling has lost two cents against both the euro and dollar amid City fears of no deal.
How has the Leave vote affected the UK economy, ask Swati Dhingra and Thomas Sampson (LSE) in this second of two blogs based on the CEP Election Analysis briefing on Brexit.
From the outside, nothing much has changed yet. From the inside, however, the UK has undergone a radical and at times ugly transformation. The June 2016 referendum has helped set off a chain of events that has impacted many aspects of life in the country.
New research carried out by Tourism Ireland has found that a growing number of people in Britain are booking their holidays later and will take fewer short breaks than normal in the next 12 months because of Brexit.
Retirees suffer ‘real hardship’ and fear Brexit will impoverish them further, says Jeremy Morgan QC
‘The level of food waste is morally reprehensible,’ says National Farmers’ Union chair.
The UK economy is 2.9 per cent smaller than it would be ... model also shows that the biggest victim of the Brexit vote has been business investment, while the weaker pound has failed to foster the big gains in exports that some Brexiters hoped for.
The UK government has announced a ban on some drug exports to protect NHS patients' access to medicines.
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.
‘They are shorting the pound and the country’ warns Nick Macpherson of Boris Johnson’s hedge fund supporters.
It comes after a searing article by former chancellor Philip Hammond about the PM.
Rachel Johnson reveals her suspicion that Boris Johnson's behaviour may down to pressure from investors who have invested billions in shorting the pound and the economy.
Sterling rallies as PM’s grip on power slips.
Sterling jumped 1% against the dollar on Wednesday to trade above $1.22 for the first time since Aug. 30, after British lawmakers seized control of the parliamentary timetable to try to block a no-deal Brexit.
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 fell to its lowest level since October 2016.
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.
UK-listed firm is latest to be targeted by a foreign buyer since pound weakened amid Brexit fears.
Boris Johnson downplaying economic risks for political gain, say bank’s economists in scathing assessment of government’s strategy and its impact