HomeThemesTypesDBAbout
tag: recession ×52

items

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.
If Britain ends up in the recession expected by the Bank of England, public anger will be looking for an outlet. / I asked Albrecht Ritschl, professor of economic history at the LSE, what single move the UK government could make to alleviate the pain. “Suspend Brexit for 20 years.”
'Too late' to strike a full agreement before December cliff-edge, study commissioned by ex-prime minister concludes - and Europe is staring down barrel of 'a deep recession'.
'I believe the trade experts', says ex-treasury minister David Gauke - pointing to consensus rejecting claims of rapid new deal.
London: British Prime Minister Boris Johnson has ordered ministers to slash one in five public service jobs to free up billions for tax cuts.
The next, Brexit-induced recession will be most painful for poorer households, who are also those that voted Leave in greatest numbers.
As Prime Minister Boris Johnson prepares to depart Downing Street, tossed from office by his own party, his legacy — the opening lines of his eventual obituary — will call him the man who “got Brexit done.” / So how is that going? What can be said about the post-Brexit Britain that Johnson is leaving behind?
EU withdrawal fuelling higher import costs and costing British workers nearly £500 a year, says Resolution Foundation.
Six years after the UK voted to leave the EU, and two years since we officially left the trading bloc, Brexit has reared its head yet again this week.
Boris Johnson’s government faces deep economic problems. / UK lagging behind major peers on productivity and investment. / “... From a 16% devaluation of the pound to an eye-watering slide in trade and investment, Brexit’s impact is plain to see. The data have only reinforced our view that life outside of the EU would leave the UK worse off.”
As evidence mounts of the long-term harm being inflicted on the U.K. economy by Brexit, the government is coming under pressure to acknowledge the elephant in the room.
Former Bank of England governor Mark Carney has doubled down on his claims Brexit has taken a toll on the pound and sparked higher inflation.
Asked about feared 4% GDP slump, Jeremy Hunt says he doesn’t accept ’all’ OBR forecasts – adding ‘I accept all the ones I agree with’.
ONS figures show GDP fell by 0.3 per cent in April, with all three main sectors suffering a fall in output for the first time since January 2021.
Mark Carney, who ran the central bank until March 2020, said the UK’s decision to leave the EU had devalued the pound which put upward pressure on inflation.
More than half of UK businesses who trade overseas are finding it difficult to trade goods with the EU post-Brexit, according to a new survey.
A road trip through the ancient past and shaky future of the (dis)United Kingdom. / The grim reality for Britain as it faces up to 2022 is that no other major power on Earth stands quite as close to its own dissolution.
SNP Westminster leader Ian Blackford says Brexit is now starting to harm the UK economy. He asked if the government would negotiate an economic agreement with the EU, or if he would "wilfully push the UK into recession".
The inflationary clouds that have been building over the UK manufacturing industry have finally burst, with a dramatic fall in demand creating the sharpest reduction of new orders since May 2020.
The report by Scotland's chief economist makes a series of dire predictions.
Boris Johnson downplaying economic risks for political gain, say bank’s economists in scathing assessment of government’s strategy and its impact
‘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.
The Office for Budget Responsibility analysed a particular type of a no-deal Brexit scenario – the less disruptive of the two presented by the IMF in April.
A no-deal Brexit would deliver an “instantaneous shock” to the British economy and could tip the UK into a recession, the Bank of England governor Mark Carney has warned.
Annual growth will fall below 1% for first time in decade even with a deal, says thinktank.
Speaking at the CBI’s annual conference in November, 2022 UK prime minister Rishi Sunak argued that Brexit is “already delivering enormous benefits” to the UK economy. Our Poll asked: Do you agree?
THE pound has fallen to its weakest level against the US dollar since 1985 amid fears the UK is heading for a lengthy recession.
'The Covid veil, now almost completely lifted, has revealed the challenges still faced by exporters struggling with customs and paperwork challenges and other Brexit constraints putting off overseas customers'
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.
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.
Britain's highest-ranking civil servant has issued a doomsday analysis of how the country would be affected by a No Deal Brexit, as MPs yet again failed to break the deadlock last night.
Mike Gallagher, managing director of macro and strategy at Continuum Economics, and Marilyn Watson, head of global fundamental fixed income strategy at BlackRock, discuss Brexit, the Conservative Party leadership race and the U.K. economy. Bloomberg's David Merritt also speaks on "Bloomberg Surveillance."
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.
The UK economy contracted 0.2% between April and June, its worst performance since 2012, the Office for National Statistics said.
The drop comes despite a boost to the economy in the first quarter of the year, thanks to Brexit stockpiling.
The UK government has been warned of a recession in the absence of a Brexit deal with the EU.
The problems have been "amplified" by Brexit, the former Bank of England governor said.
Britain’s economy showed alarming signs of a sharp slowdown, possibly even into recession, as uncertainty over Brexit combines with a less benign global backdrop, according to a closely watched survey of business activity in the U.K. released Wednesday.
Ireland’s deputy premier Leo Varadkar said the Irish economy was decoupled from the UK’s a long time ago.
THE UK will suffer the worst recession of any of the world's top economies as Britain's painfully high rate of inflation is exacerbated by the effects of Brexit and the UK Government's untargeted energy support scheme, a new report has found.
A NO-DEAL Brexit risks extra trouble for the UK during an oncoming recession that could be as deep as the Great Depression, the head of the World Trade Organisation (WTO) has said.

types

◈ news ×47
◈ video ×2

related tags

◈ GDP ×17
◈ growth ×15
◈ BoE ×12
◈ ONS ×7