The economic fallout from leaving the EU is becoming all too apparent.
There will be no access to the European Union for Britain's derivatives clearing houses after June 2025, the bloc's financial services chief Mairead McGuinness said on Friday.
Brexit is hurting the UK economy, Bank of England officials said Wednesday, even as government leaders downplay the impact of the seismic EU withdrawal.
Bank of England policy maker Jonathan Haskel said uncertainty over Britain’s exit from the European Union held back business investment in the U.K.
The European Commission’s financial services head insisted that U.K. clearinghouses will get no further access to the bloc’s markets after 2025, knocking back the Bank of England governor’s calls for an indefinite trade route into the European Union.
Thanks to Brexit, sterling is becoming a risky bet for some investors.
Britain's economic recovery from the coronavirus pandemic lagged behind that of other rich nations in the July-September period, according to official data on Thursday which underscored the interest rate dilemma facing the Bank of England.
"To bring inflation under control we don’t need rates to rise, we need freedom of movement back," one expert said.
Overhaul increases the risks of insurance failure by a fifth, Bank of England Governor warns.
Cabinet minister in ‘complete denial’ over Brexit harm to Britain’s economy which experts put at £31 billion
13/06/2022
Treasury silent on damage being caused by Brexit to Britain’s economy and Bank of England accused of being reluctant to talk about it.
Banks may continue to drift away from London if the European Central Bank intensifies its scrutiny of their presence in the bloc, the Bank of England’s deputy governor said.
The UK will be stuck with searing inflation for years because of Brexit, according to strategists at Wall Street’s top banks.
Wales voted for Brexit by the same margin as the UK overall, 52 to 48 per cent, in sharp contrast to Northern Ireland and Scotland. / There is evidence that disproportionate support for Leave among the 21 per cent of Welsh voters who were born in England tipped the vote for Leave in Wales.
According to the Bank of England, higher borrowing during the pandemic is to blame for putting more businesses at risk.
Former business secretary Sir Vince Cable and nearly 60 economists have warned new policies have echoes of those that contributed to the 2008 crash.
Andrew Bailey said the deal was broadly in line with what the BOE forecast in November.
Wages are worth less as direct result of departure from EU, says Monetary Policy Committe member. / Brexit has added 6 per cent to UK food prices, a Bank of England official has said as inflation hit a 41-year high.
Boris Johnson downplaying economic risks for political gain, say bank’s economists in scathing assessment of government’s strategy and its impact
Stagflation reflects the "realities that Brexit has wrought", economist Adam Posen said.
Former Bank of England policymaker Adam Posen insists 80% of high price growth is due to Britain leaving EU.
Financial Times US Editor-at-Large Gillian Tett says many people in the United States “are just baffled” Britain went along with Brexit, describing it as an “act of self-sabotage”. / “Britain has got the worst performance amongst the G7,” Ms Tett told Sky News Australia host Piers Morgan.
The next, Brexit-induced recession will be most painful for poorer households, who are also those that voted Leave in greatest numbers.
Fake news handed Brexiteers the referendum – and now they have no idea what they're doing
18/01/2017
'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'
Food prices could rise 10%, says Mark Carney
04/12/2018
Food prices could rise between 5% and 10% if there is a disorderly Brexit, the Bank of England governor, Mark Carney, has warned.
Yes, that headline is correct. The UK’s trade performance this year fell to its worst level since records began in 1955. And the cause, according to analysts and a headline article in the FT today – Brexit.