The economic fallout from leaving the EU is becoming all too apparent.
Brexiteer MP overheard talking about markets on night of 2016 referendum vote. / Chancellor Kwasi Kwarteng reportedly said “who cares if Sterling crashes” in the immediate aftermath of the Brexit referendum result in 2016.
As the possibility of a no-deal Brexit scenario increases, and the government publishes its “no-deal preparedness” notices, it is worth taking stock of the sheer variety of problems that would arise with a no-deal Brexit – and the devastating consequences that would arise from such a legal limbo. Here’s what we know so far.
Boris Johnson, the front-runner to be Britain’s next prime minister, has raised the prospect of a shock for the world’s fifth-biggest economy by pledging to leave the European Union on Oct. 31 without a transition deal if necessary.
The pound has settled above its recent lows vs. both the USD and the EUR, but it remains in a clearly weakened positioned. EUR/GBP is still seen at 0.85 by year-end while UK politics concerning the issues of Brexit and sleaze may impact the performance of the pound, economists at Rabobank report.
Thanks to Brexit, sterling is becoming a risky bet for some investors.
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.
It’s five years since Britain voted to leave the EU – so what number should really have been on the side of the Vote Leave bus? Ben Chu examines the real impact of Brexit on the UK’s economy.
Spiralling inflation, crops left in the field and travel chaos: 10 reasons Brexit has been disastrous for Britain
03/02/2022
As small businesses crumble, shelves get emptier and the care-worker shortage intensifies, life outside the EU is having a dire effect on many of us. Why aren’t politicians talking about it?
The UK will be stuck with searing inflation for years because of Brexit, according to strategists at Wall Street’s top banks.
In historical terms, however, those transgressions will end up being little more than footnotes. Viewed from afar, Johnson’s greatest failing is liable to be what he hoped would be his glorious legacy: Brexit.
In this film, senior FT writers and British businesspeople examine how Brexit hit the UK economy, the political conspiracy of silence, and why there has not yet been a convincing case for a 'Brexit dividend'.
The government doesn’t want to be held to account for Brexit and its real effects – and it’s clear why!
08/10/2022
This week I was contacted by a retired CEO of a major wine wholesaler. They, unbeknownst to me, had asked their local MP John Penrose (Weston-super-Mare, Somerset) if he thought it was acceptable that my wine business had been obliged to open a site in the EU to mitigate Brexit costs.
Tim Martin on Question Time - taken apart
01/12/2018
A few days back, Tim Martin appeared on Question time. A 1-min clip of his performance has gone viral on Twitter. So error-packed was that one minute, that we should take the time to dissect it to bits...
Boris Johnson downplaying economic risks for political gain, say bank’s economists in scathing assessment of government’s strategy and its impact
Theresa May's Brexit deal has been defeated by MPs and the UK is creeping closer to leaving the EU without a deal. But how does a no-deal Brexit actually affect you?
Former Bank of England policymaker Adam Posen insists 80% of high price growth is due to Britain leaving EU.
Labour Demands Probe Over Claims Financial Backers Of Boris Johnson Stand To Profit From A No-Deal Brexit
28/09/2019
It comes after a searing article by former chancellor Philip Hammond about the PM.
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.
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.
BRITTANY Ferries has reported some of the worst passenger numbers in its history, after being battered by the 'double strike' of Brexit and Covid.