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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.
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.
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.
Carolyn Fairbairn says many businesses cannot prepare for no deal during Covid-19 crisis.
Dame Carolyn Fairbairn likens walking away from trade talks to ‘setting fire to the garden shed’ when the house is already in flames.
"Our approach is going to be achingly pragmatic," the Cabinet Office minister said.
Worries over the impact of Brexit and coronavirus mean more than 70 per cent of the UK’s small and medium-sized businesses do not expect the country’s economy to grow during the rest of 2020, according to new survey data.
Hopes that political stability might lead to recovery dashed by Covid-19 crisis.
Official document puts likely benefits of free trade agreement with Donald Trump at below 0.2 per cent of GDP – and possibly as little as 0.02 per cent.
Admission lays bare limited benefits of ‘ambitious’ agreement with Donald Trump.
Brexit could cost the UK economy up to 30 times as much as the country hopes to gain back from securing a new trade deal with US President Donald Trump, official figures suggest.
Brexit is set to have cost the UK more than £200 billion in lost economic growth by the end of this year — a figure that almost eclipses the total amount the UK has paid toward the European Union budget over the past 47 years.
The UK economy saw no growth in the final three months of 2019, as manufacturing contracted for the third quarter in a row and the service sector slowed around the time of the election.
We looked at breakdowns by analysts and the government on the money spent so far, and the estimates on what is still to come.
Johnson's own government's analysis suggests that a deal along the lines of that backed by Parliament will reduce annual economic growth by 6.7% compared to staying in the EU.
Brexit will have cost the UK more than £200 billion in lost economic growth by the end of this year - a figure which almost eclipses the total amount the UK will have paid towards the EU budget over the past 47 years.
Last update before Thursday's election reveals flat growth in the UK's GDP for October and the last quarter
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.
'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.
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.
The U.K.’s dominant services sector flatlined in October, the only part of the economy not to contract.
The report estimated the PM's deal would be worse for the economy than continuing with the current indecision and uncertainty
Sajid Javid urged to make ‘radical interventions’ to avoid ‘a very bleak winter’.