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European businesses with Brexit concerns already cutting ties with British suppliers

A new piece of research, of 500 firms, has discovered that European businesses have already cut ties with existing British suppliers. The study was carried out by RSM (a professional services firm) in collaboration with the European Business Awards, who discovered almost ten per cent had moved away from British exports, citing issues over Brexit, reports the City AM. Jean Stephens, chief executive of RSM International, said: “Internationally-minded businesses are currently experiencing one of the most prolonged periods of global...

Economic forecaster predicts period of lower growth due to Brexit

The UK faces a period of lower growth due to Brexit, according to another forecaster. The EY ITEM Club said the UK will have three years of lower than predicted economic growth, and if no deal is agreed on Brexit it is likely to be even worse. The EY Item Club predicted GDP growth of 1.3% this year and 1.5% in 2019, down from 1.4% and 1.6% respectively in its previous outlook three months ago. Howard Archer, chief economic adviser...

Italy will NOT be ditching the Euro, insists Italian Deputy PM

There were renewed concerns in the Eurozone that Italy’s anti-establishment 5-star movement would ditch the Euro. Both the right-wing League, who govern the country with the 5-star movement, campaigned on an anti-euro platform. However, they backed away from the move when they came into power in June. Rumours have since been circulating that Italy might be considering leaving the single currency, but that was quashed last night. Italian Deputy Prime Minister Luigi Di Maio said: “No-one need fear an exit...

Theresa’s Nay to Brexit just months before the referendum

Theresa May is being reminded of a speech she made to the Institute of Mechanical Engineers just months before the EU referendum in which she made a passionate case for Britain to remain in the EU. The PM, who largely stayed out of Brexit debate in the run-up to the referendum, told the conference in central London that “it is clearly in our national interest to remain a member of the European Union”. She said the judgement was made on...

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