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The FTSE has lost more value in last 12 months than the UK has paid into the EU in decades

Economic worries, Brexit uncertainty and the trade war between the US and China saw the FTSE 100 tumble by 12.5 per cent during 2018, wiping out more than £240 billion off shareholder value. The blue-chip index of top UK shares ended the year at 6,728 points, down from 7,687 on the last trading day of 2017. The sell-off has inflicted significant losses on pension funds, major fund managers and small investors alike. Shares in major house builders fell sharply amid...

Grayling looks to EU to dig him out as ferry fiasco continues

A dredger from the Netherlands was put to work in Ramsgate yesterday as preparations for the ferry company with no ferries were put in place. The Dutch dredger was spotted clearing rubbish, weeds and excess mud at the Kent site to prepare for potential extra freight trade crossings. Seaborne Freight is seeking to reopen Ramsgate-Ostend service, although it is yet to operate a scheduled ferry service. In fact, the firm is so small it qualifies as a small enterprise so...

Economists warn Brexit will be either ‘bad or awful’ for UK prospects in 2019

Leading economists have warned Brexit will be either ‘bad or awful’ for UK prospects in 2019 with damage likely to be inflicted even if Britain manages to avoid a disorderly Brexit. The UK can expect no more than 1.5 per cent economic growth over the next year in the best case scenario, according to a Financial Times survey. Nina Skero, head of macroeconomics at the Centre for Economics and Business Research, said that whatever its long-term effects, “in 2019, Brexit...

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