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Workers shouldn’t ‘pick up the tab’ for Tory Brexit

The Bank of England seems to be losing faith in Britain’s economic strength and has slashed its outlook for the country yesterday as it opted to leave interest rates on hold. The bank expects growth this year to be just 1.2% - the slowest since 2009 when the economy was in recession. Bank of England Governor Mark Carney said: "The fog of Brexit is causing short term volatility in the economic data, and more fundamentally, it is creating a series...

EU: Corbyn’s Brexit compromise may be acceptable way forward to avoid no deal

EU leaders have reacted positively to the letter Jeremy Corbyn has sent Theresa May with his proposals to break the Brexit deadlock and avoid a no deal catastrophe for the UK economy. Donald Tusk has suggested that they may provide a way forward that the EU would accept. Theresa May and the EU chief looked frosty meeting yestersay at their meeting in Brussels as the Prime Minister looks to deliver the "alternative arrangements" to the backstop in her withdrawal agreement...

Sterling slides as Bank of England slashes growth forecasts

The Bank of England has downgraded its growth forecast for 2019 growth to 1.2%, which would be the smallest rise since 2009. Sterling tumbled on the news and was trading 0.6% down versus the US dollar at $1.285. Against the euro, the pound was down 0.3% at €1.134. The PM flew to Brussels today to push for concessions from EU leaders on the divorce deal agreed with them last year, which has been rejected by Parliament. Both Mr Tusk and...

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