Economics
Trump’s ‘scorched earth’ trade war could spark global recession
The US-China trade war has reached an unprecedented stage, where Trump is playing games with global economies.
Pound hits new two-year low as no-deal Brexit rhetoric hardens
Investors are concerned that the Government is getting closer to a no-deal Brexit, which they believe will hit the UK economy and the pound.
UK budget deficit swells as June borrowing hits four-year high
The public sector borrowed £7.2 billion in June – £3.8 billion more than June last year.
Sterling falls to seven-month low against euro just days before school holidays
The pound has lost 6% of its value against the currency since the start of May.
Brexit – Pound worst-performing major currency in world
Traders are concerned that a no-deal Brexit is more likely, after both Conservative leadership candidates toughened their positions.
Brexit – “Working people facing huge uncertainty” Economists warn of slowing growth in UK jobs
“Employment growth is showing increasing signs of fraying."
No-deal Brexit means austerity will have been for nothing and Tory leadership pledges worthless
Since the Conservatives came to government in 2010, national debt has increased from £1 trillion to £1.8 trillion.
Japanese foreign minister warns no-deal Brexit will ruin UK-based manufacturing
“Some companies already start moving their operation to other places in Europe"
Mounting no-deal Brexit fears and uncertainty damaging economy, warns Bank of England boss
Bank of England boss Mark Carney has warned that a “notable” increase in no-deal Brexit fears and ongoing uncertainty is damaging Britain’s economy. The Bank’s governor told MPs the lack of any progress towards a deal and the extended Brexit deadline is leaving firms in limbo in terms of preparations and investment. In a hearing with the Treasury Select Committee, Mr Carney said there has been a “notable increase” in market expectations of no deal. He said this uncertainty in...