Over the weekend the Vote to leave the EU campaign released a list of 250 names of business leaders who are in favour of the UK leaving the EU. The list includes former HSBC chief executive Michael Geoghegan, and the hotelier Sir Rocco Forte....
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29th Nov 2024 | Updated at 08:54pm 29th Nov 2024
Bank of England cut growth forecast
- 17 Aug 2017
Brexit negotiations initially got off to a shaky start as it seemed that British cabinet ministers were unable to reach an agreement on the best course of actions and the government also seemed at war with itself over the divorce terms.
Brexit deal in tatters
- 06 Dec 2017
The ongoing and tense negotiations have led to a broad agreement by the UK to a gross financial settlement of £89bn on leaving the bloc, although the British expect the final net bill to be half as much. The news brings the two sides close to agreement on a key obstacle to opening talks on a future free trade pact.
Interest rate cut reversed
- 09 Nov 2017
Sterling surges 2% against the Dollar
- 02 May 2017
Pound rebound since Brexit vote
- 07 Mar 2017
With regards to the UK, British manufacturing output suffered its biggest decline since 2009 in Q1 of 2016, but production is still expected to rebound over the next three months. The Confederation of British Industry’s monthly survey showed...
In the UK, employment data released showed that the unemployment rate stayed at 5.1% and the employment rate remained the same at 74.1% - the joint highest since records began in 1971. Average earnings including bonuses have continued to rise...
- 15 Mar 2016
All eyes are still on the ‘Brexit’ issue, the week started with Bank of England Governor Mark Carney addressing a cross-party Treasury Committee regarding Britain’s membership of the EU. Carney issued a warning of Brexit risks, highlighting...
In the UK, British mortgage approvals hit a two-year high in January and consumer credit expanded at the fastest pace in a decade. Mortgage approvals for house purchases numbered 74,581 in January from 71,335 in December.
The fragile pound lost nearly 1% against the USD last Tuesday with further uncertainty over Britons EU membership. Furthermore, the UK Inflation Report released yesterday made clear that the Bank of England could cut interest rates to zero if...
- 24 Feb 2016
Dominating the headlines this weekend was news David Cameron has called for his referendum on Britain’s membership of the EU to take place on 23 June. Speaking from outside Downing Street, the prime minister said he had secured a good deal...
This last week has seen economic, sentimental and political factors drag cable to a 15 month low.
In the UK, Manufacturing Purchasing Managers Index (PMI) came out better that expected at the figure of 52.9, a three month high, increasing from the previous figure of 52.1 and beating the expected figure of 51.8 showing growth within the UK...
This week in the UK Kristin Forbes a voting member of the BoE monetary policy has said that wage growth is not yet enough to lift inflation but that it may not be far off. She said that if they regain the momentum they had last year we may see...
