UK buildup of finished goods rises in December at second-fastest rate since 1992
The Central Bank has warned that a no-deal Brexit could reduce the growth rate of the Irish economy by up to 4% this year.
CBI’s measure of private sector growth drops to -3 in February from zero in January.
Effects will continue to drag on economy for years to come, says Andrew Sentance. / Britain’s economy is trapped in “no-man’s land” by Brexit and the next decade could be the weakest for growth since the second world war, a former senior Bank of England policymaker has warned.
A Brexit involving staying in the customs union would leave the UK £80bn worse off a year than if it had remained in the EU, a report says. / The National Institute of Economic and Social Research (NIESR) said tax income would fall by £13bn a year.
The price of Brexit has been £66 billion so far, plus an impending recession — and it hasn't even started yet
07/04/2019
The damage to the UK economy due to Brexit has cost £66 billion ($86 billion) so far, and left the United Kingdom teetering at the brink of a new recession, according to economic data published last week.
A "dramatic" fall in car production and an easing of stockpiling by manufacturers meant the economy shrank in April, official figures show.
UK economic growth to slow to zero as Brexit stockpiling effect ends and businesses slash investment
17/06/2019
The political impasse over Brexit threatens to “suffocate” business investment across the UK, with the economy grinding to a halt as a temporary boost from stockpiling comes to an end, the British Chambers of Commerce (BCC) has warned.
Business group downgrades GDP rises and warns dwindling investment will hurt long-term economy. / Economic growth in Britain is expected to slow to the lowest levels since the financial crisis as firms run down Brexit stockpiles, according to a leading business lobby group.
Factories’ slowdown and weak activity in services signal “minimal” economic growth in second quarter.
CBI warns uncertainty is crippling UK economy with country at risk of lagging behind G7 competitors.
Brexit has contributed to far bigger fall in living standards than 1990s recession, research finds
17/07/2019
Real household incomes have fallen by 0.5 per cent over past two years amid pound’s slide and welfare cuts.
The Office for Budget Responsibility (OBR) said borrowing would be almost £60bn if the UK leaves without a deal - up from £29.3bn if it does get a deal.
No-deal Brexit could see substantial number of businesses become unprofitable and trigger food shortages, Mark Carney warns
02/08/2019
‘The challenge is, particularly in food, it’s perishable, so you can’t stockpile today for demand in November,’ Carney says. / A no-deal Brexit could cause food shortages, Mark Carney has suggested, adding that job losses and business closures are also likely.
Bank of England cuts UK growth forecast
01/08/2019
Brexit uncertainties are becoming "more entrenched" and increasingly weighing on the British economy less than three months before the country is scheduled to leave the European Union, the Bank of England said Thursday.
The UK economy contracted 0.2% between April and June, its worst performance since 2012, the Office for National Statistics said.
A 0.2% contraction between April and June was weakest since fourth quarter of 2012.
The drop comes despite a boost to the economy in the first quarter of the year, thanks to Brexit stockpiling.
Home-grown problems shave 0.2 per cent off UK GDP, while euro zone economy grows by the same amount.
GDP shows negative growth for first time in nearly 7 years.
The five key metrics are not pointing to anything good.
Total retail sales fell 1.3 per cent last month from a year ago, marking the worst September since 1995 when the British Retail Consortium (BRC) and KPMG started collecting the data.
Hit to national income – around £420m a week – greater than Boris Johnson’s discredited claim of a £350m boost to be lavished on the NHS.
Boris Johnson’s agreement estimated to cost 6.7% of expected GDP rise over 15 years.
Customs expert warns that open border between tariff regimes was an invitation to smuggle.