Former Monetary Policy Committee at Bank of England Michael Saunders said Brexit is to blame for "persistent" and "lasting" damage to the UK economy.

Overhaul increases the risks of insurance failure by a fifth, Bank of England Governor warns.

The Bank of England expects growth this year to be the slowest since 2009 when the economy was in recession.

Move by UK regulator seen as limiting relocation to EU’s financial centres.

There is only one real way to properly calm the markets – the Prime Minister and the Chancellor need to reverse the unfunded tax cuts they announced.

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 Brexit benefits keep piling up! Leading financial experts are now placing the blame for rising food prices on you-know-what...

The Bank of England indicated Thursday that it could cut interest rates below zero for the first time in its 326-year history as it tries to shore up a U.K. economic recovery that is facing the dual headwinds of the coronavirus and Brexit

The Governor of the Bank of England, Mark Carney, has warned that financial markets are likely to be volatile in the wake of Parliament’s rejection of Theresa May’s Brexit plans.

A Bank of England policy maker has warned that a wave of business investment was “stopped in its tracks” by Brexit, dealing a blow to the UK economy worth £1,000 ($1,204) per households.

Mark Carney sets 14 July deadline to see plans, saying firms must prepare for ‘all eventualities’ as he calls on politicians not to cut City adrift from Europe

anks should prepare for the possibility of a no-deal in post-Brexit trade talks between Britain and the European Union, the Bank of England said on Wednesday.

Andrew Bailey reminds banks of the need to have contingencies in case talks between UK and EU leaders do not result in a deal by 31 December.

Governor tells banks to prepare for risk of UK failing to reach a deal by 2020 deadline

Ben Broadbent says projects postponed amid political uncertainty will be cancelled.

Stability report says about half of EU companies using UK-registered banks face being cut off.

The price of food is at risk of rising between 5–10% if there is a disorderly Brexit, warned Bank of England governor Mark Carney.

Insurance regulator says post-Brexit softening of rules will put billions of pounds of pension saving at risk.

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.

Huw Pill said Brexit has reduced trade between the UK and Europe which has had a knock-on effect on labour, productivity and prices.

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.”

Bank of England Chief Economist Huw Pill suggested that the UK is yet to see any positive economic benefits from exiting the European Union.

Andrew Bailey said the deal was broadly in line with what the BOE forecast in November.

The next, Brexit-induced recession will be most painful for poorer households, who are also those that voted Leave in greatest numbers.

Leaving the EU cost every household in Britain and Northern Ireland around £1,000, according to Bank of England policy-maker Jonathan Haskel.

Brexit is partly to blame for historically high inflation in the UK by causing labour shortages, strengthening pricing pressure among firms, and weakening the economy, Bank of England chief economist Huw Pill has said.

As self-inflicted disasters go, it ranks as one of the worst in modern economic history."

Brexit has added to the UK's economic woes by lowering the value of the pound and contributing to price rises, an ex-Bank of England governor has said.

BoE economist warns no-deal Brexit would likely lead to interest rate cut. / Brexit has already cost the UK economy £40bn per year – or £800m per week – in the period since the EU referendum in 2016, according to Bank of England economist Jan Vlieghe.

Brexit created "frictions" in trade that impacted the UK economy, Work and Pensions Secretary Mel Stride has said.

It will be years before the full impact of Brexit on Britain's financial sector is fully known as more activity could leave London for the bloc or other centres like New York, Bank of England Deputy Governor Jon Cunliffe said on Monday.

Slump in business investment since vote to leave EU has cost each household £1,000 in lost productivity

Dave Ramsden said the 2016 referendum had contributed to a lower “speed limit” for the UK economy compared to other nations.

Dave Ramsden tells MPs referendum fallout also contributed to lower speed limit for growth of UK economy.

The hits to Britain's economy from Brexit are probably appearing faster than expected, Bank of England Deputy Governor Ben Broadbent said on Thursday.

Labour said the warning underlines the need for a ‘more productive’ relationship with Brussels following Britain’s withdrawal from the EU.

EU withdrawal fuelling higher import costs and costing British workers nearly £500 a year, says Resolution Foundation.

Bank of England policy maker Catherine Mann waded into the Brexit debate, blaming UK’s departure from the European Union for adding to inflation. / “However, the UK has also been affected by a third type of shock which makes it unique: no other country chose to unilaterally impose trade barriers on its closest trading partners,” she added.

Mark Carney says there is ‘no joy’ in laying this out as ‘people are having to live with that reality’.

The economic damage done by Brexit is happening sooner than feared, the Bank of England warned. / The central bank said the UK economy is being hindered by a sharper slump in trade with the European Union than implied by official statistics and “very subdued” business investment.

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.

In our series looking at life after Brexit, the European parliament’s former negotiator Guy Verhofstadt argues that Britain exchanged a Jaguar for a Ford Fiesta in the 2016 referendum.

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 2016 referendum result led to business investment being ‘stopped in its tracks’ and a ‘productivity penalty’ of £29bn, says Professor Jonathan Haskel.

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.

So how is it going? In economic terms, the past year has helped differentiate the impact of Covid from the impact of Brexit. / Doing so has exposed a hefty price being paid by many firms, as well as public service employment, for dislocation of Britain from its nearest neighbour's trading bloc.

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.

FT economics editor Chris Giles explains the assumptions behind post-Brexit scenarios from the UK government and Bank of England suggesting citizens will be thousands of pounds worse off than if the UK had stayed in the EU.

The UK will be stuck with searing inflation for years because of Brexit, according to strategists at Wall Street’s top banks.

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’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.”

With its economy in tatters, England is not having its finest hour. It is a time of transition for the United Kingdom... /

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.

The threat of persistent inflation is bigger in the UK than in Europe and the US, a Bank of England rate setter has said. / Megan Greene warned that the UK had faced a “double whammy” in dealing with both a tight jobs market and a trade shock. / She said that the supply side of the market in the UK had been left weaker than in the US in recent years because of Brexit and the pandemic.

Treasury silent on damage being caused by Brexit to Britain’s economy and Bank of England accused of being reluctant to talk about it.

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.

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.

Experts from the Institute for Fiscal Studies, the Resolution Foundation and others agreed Kwasi Kwarteng’s unfunded tax cuts played a role.

Former Bank of England governor, Mark Carney said that the fall in the pound and shrinking economy after the UK left the European Union, Brexit, had added to “inflationary pressure”.

'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 between 5% and 10% if there is a disorderly Brexit, the Bank of England governor, Mark Carney, has warned.

King criticised handling of negotiations and said there was no need for the atmosphere around them to be so bad.

Try and find an instance of the market reacting to tax cuts anywhere else on Earth the way it reacted to the UK’s mere mention of such a simple policy. The market usually loves tax cuts. Not this time. Why?

Current financial woes ‘bear out warnings of Remain side in EU referendum’.

Cuts to VAT and corporation tax said to be part of 'Project After' proposals.

FOR anyone persuaded by Rishi Sunak’s recent claim that the UK has made “huge strides” with Brexit, there was an important reality check last week.

Worst case forecast ‘now less severe’ but Britain could still face soaring unemployment and inflation, says governor.

Boris Johnson downplaying economic risks for political gain, say bank’s economists in scathing assessment of government’s strategy and its impact

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.

The Bank of England might need to cut interest rates almost to zero after a no-deal Brexit, while repeated Brexit delays could also make a rate cut necessary, senior BoE official Gertjan Vlieghe said on Friday.

‘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.

Andrew Bailey said failure to agree to deal would cause long-term damage to UK economy

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.

“Well, I think the long-term effects ... would be larger than the long-term effects of COVID.”

Our silence over the issue is compounding the problem.

Former business secretary Sir Vince Cable and nearly 60 economists have warned new policies have echoes of those that contributed to the 2008 crash.

According to the Bank of England, higher borrowing during the pandemic is to blame for putting more businesses at risk.

If inflation stays high, will the PM be honest enough to agree with the Bank of England that leaving the EU is partly to blame?

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.

New banking regulations could increase the cost of small business lending by around a third and “fundamentally change” the market as debate around the implementation of international banking rules in the UK intensifies.

We desperately need to rejoin the single market and customs union, whatever the former PM thinks.

Chris Heaton-Harris says "no", leaving the EU has not damaged the economy. / Northern Ireland Secretary Chris Heaton-Harris was left struggling to defend the economic case for Brexit, after being put on the spot by Sky News’ Sophy Ridge.

New figures put the cost at £1,000 of leaving the EU at per household per year.

Liz Truss and Rishi Sunak feel bound to talk lower spending to party members, but the former chancellor at least must see the folly of losing billions off our GDP.

Thanks to Brexit, sterling is becoming a risky bet for some investors.

Only the reversal of Brexit can start to fix the state three prime ministers have left the country in.

Rejecting expertise and skill in favour of loyalty was always going to lead to this.

Brexit is hurting the UK economy, Bank of England officials said Wednesday, even as government leaders downplay the impact of the seismic EU withdrawal.

A former Bank of England policymaker suggested there may not be a need for an austerity budget had it not been for Brexit.

Former Bank of England policymaker Adam Posen insists 80% of high price growth is due to Britain leaving EU.

In the US they call it ‘starving the beast’ – cut taxes and, as revenue decreases, you create irresistible pressure for austerity.

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.

The economic fallout from leaving the EU is becoming all too apparent.

While large multinationals may be able to ride out the economic turmoil on the horizon, some smaller firms have more to worry about.

Labour shortages have made inflation more persistent, Joost Derks said, putting Britain's economy in a slippery slope.

Stagflation reflects the "realities that Brexit has wrought", economist Adam Posen said.

"To bring inflation under control we don’t need rates to rise, we need freedom of movement back," one expert said.