NPR’s Sacha Pfeiffer talks with Financial Times political editor George Parker about the continuing effects Brexit has had on U.K. politics and the economy. Source link
It is the Bank of England’s failure to raise rates further. No, wait, it’s really all about Fed tightening and dollar strength. More self-critical Tories might look to the preening ideological over-reach and disregard for the public finances in the chancellor’s statement, but there are scapegoats aplenty for the market slide which has seen the … Read more
Breadcrumb Trail Links PMN Business Author of the article: Reuters Michel Rose and Andrew Macaskill and Andreas Rinke Article content PARIS/LONDON/BERLIN — Europe is anticipating the prospect of Liz Truss as Britain’s next prime minister with a mixture of irritation and unease: diplomats say that with the war in Ukraine and rampant inflation, the last … Read more
Sterling is on track to post its steepest monthly decline since the wake of the Brexit referendum against a backdrop of intensifying economic and political uncertainty. The pound traded on Wednesday as low as $1.16, leaving it down 4.6 per cent this month in the steepest decline since October 2016. Sterling has also declined by … Read more
Brexit has exacerbated the UK’s labour shortages over the past year, with industries most reliant on freedom of movement hit hard, according to a report led by academics from Oxford university. The research found that in parts of the economy such as hospitality and corporate support services there had been large declines in the number … Read more
Matt Raynor is stressed. The 53-year-old chair of Raynor Foods has recently approved a £1,200 signing-on bonus for sandwich makers; tonight he will work a six-hour picking and packing shift at the company’s Essex plant because of staff shortages. “It’s been the worst two-and-a-half years of my life, with the disruption, the chaos,” he says. … Read more