Chancellor set to reveal grim economic forecasts next Wednesday as Office for Budget Responsibility prepares to issue its first projections of Brexit vote's impact Philip Hammond is preparing to offer modest giveaways to families that are "just about managing" in next week's autumn statement, as the cash-strapped government struggles to ...
Heather Stewart and Jessica Elgot / Guardian | Thu, 17 Nov 2016 22:00:00
Economists warn Philip Hammond over ignoring infrastructure needs amid £100bn black hole in finances The chancellor should limit the impact of the Brexit vote on the economy by excluding public investment spending from his deficit reduction plans in his autumn statement next week, economists say. As the Treasury finalised tax ...
Phillip Inman Economics correspondent / Guardian | Thu, 17 Nov 2016 20:00:31
Finally progressives in parliament have a chance to change our ruinous trajectory. They should seize it Karl Marx made a much-quoted remark about history repeating itself first as tragedy and then as farce. But Theresa May's government is turning Marx on his head in its European policy. In its handling ...
Martin Kettle / Guardian | Thu, 17 Nov 2016 19:04:28
London likely to remain home of £460tn-a-year business, according to analysis by ratings agency S&P One of the City's most prized businesses - the way that financial products priced in euros are processed - will not be lost to the remaining members of the European Union as a result of ...
Jill Treanor / Guardian | Thu, 17 Nov 2016 18:56:34
German minister warns UK faces stiff rules on tax breaks and prolonged EU payments
FT | Thu, 17 Nov 2016 17:22:41
Consumers remain defiant despite Brexit uncertainty and inflation fears as sales grow at fastest annual pace for 14 years A surprise leap in retail sales volumes last month has boosted hopes the UK economy will end the year on a high note, as consumers continue to shrug off the shock ...
Katie Allen / Guardian | Thu, 17 Nov 2016 16:25:11
Ignoring years of stagnation, economic deterioration, and an unprecedented unemployment rate, which remains stubbornly in the double-digits for countries like Greece, Spain and Italy, Europe appears to have finally woken up, shocked by the reality of Brexit and the Trump election, and has started with the fire and brimstone warnings. ...
Zero Hedge | Thu, 17 Nov 2016 15:31:30
Deloitte vs. Brexit We've all been so distracted with our own mess, that we've kinda lost sight of the UK's disaster.
Going Concern | Thu, 17 Nov 2016 15:22:41
EU parliament report says the party used €450,000 on electioneering
FT | Thu, 17 Nov 2016 14:23:40
Britain should keep contributing to the European Union's seven-year budget until the end of the budgetary period in 2020, even though it could leave the EU in 2019, Poland's deputy foreign minister said. Konrad Szymanski spoke a day after he met the European Commission's main Brexit negotiator, Michel Barnier, and ...
OANDA | Thu, 17 Nov 2016 13:45:53
Laura Hughes / Telegraph | Thu, 17 Nov 2016 13:30:06
Telegraph | Thu, 17 Nov 2016 12:49:24
Brexit vote hits marketing mail and overall letters business continues to decline Uncertainty around Brexit has led to a dip in the amount of junk mail companies send, helping to push down profits for Royal Mail. The company said its revenue from marketing mail fell by 8% in the six ...
Graham Ruddick / Guardian | Thu, 17 Nov 2016 12:47:38
Google's plans to invest in London has been well received by the country's tech sector and signals a sign of confidence.
CNBC | Thu, 17 Nov 2016 12:28:00
BBC Breakfast's Ben Thompson visits Tate and Lyle's sugar warehouse in east London to find out just how ready the company is for Brexit.
BBC | Thu, 17 Nov 2016 12:13:59
The result of the Brexit-inspired falling pound is that we are, and will continue to be, at the mercy of increasingly expensive imports Last month, Marmite managed to leave a nasty taste in the mouth for even those of us who like it. Unilever's attempt to increase the price, allegedly ...
Jay Rayner / Guardian | Thu, 17 Nov 2016 12:00:47
Euro MPs consider offering the UK "associate EU citizenship" - but could it work legally?
BBC | Thu, 17 Nov 2016 11:39:11
Fears rise about populist wave following Brexit vote and Trump victory
FT | Thu, 17 Nov 2016 11:34:30
Consumers remain defiant in face of Brexit uncertainty and signs that era of low inflation may be ending A rush to buy winter clothes and buoyant Halloween trade for supermarkets helped UK retail sales grow at the fastest pace for 14 years in October. Official figures chimed with other indicators ...
Katie Allen / Guardian | Thu, 17 Nov 2016 11:05:12
Sky News says it has obtained a leaked document alleging UKIP misspent almost £500,000 of EU funding on electioneering and its Brexit campaign. According to the leaked audit, UKIP broke EU spending rules by spending money on polling during its general election campaign in 2015 and ahead of the EU ...
Business Insider | Thu, 17 Nov 2016 11:03:53
James Smith, Economist at ING, notes that the UK retail sales surged by 2% in October as consumers continue to be fairly unfazed by Brexit. But the ri
Sandeep Kanihama / FX Street | Thu, 17 Nov 2016 10:38:32
Group posts 6-month loss as rents fall during 'period of uncertainty' after Brexit vote
FT | Thu, 17 Nov 2016 10:11:04
The impact of June's Brexit vote is overshadowed by Donald Trump's recent triumph in the US race for the White House, the boss of Barclays said today.
Here Is The City | Thu, 17 Nov 2016 09:46:59
A greater percentage of people believe a fictitious person is a Welsh MEP than recognise three real ones, a survey suggests.
BBC | Thu, 17 Nov 2016 07:27:36
Donald Trump's election looms large over the race for president of America's oldest ally France, where mainstream candidates all style themselves as uniquely qualified to prevent a similar upset by the far right. How many Brexits, how many American elections, how many lost European referendums do you need to finally ...
Agence France-Presse / South China Morning Post | Thu, 17 Nov 2016 07:12:02
Morten Helt, Senior Analyst at Danske Bank, notes that the GBP has rallied significantly since Donald Trump won the US presidential election, as the p
Sandeep Kanihama / FX Street | Thu, 17 Nov 2016 06:35:38
From a currency point of view, in the short-term Brexit works for Johnson Matthey, however the future remains uncertain, says the chemicals firm's CEO, Robert MacLeod.
CNBC | Thu, 17 Nov 2016 06:24:00
President Barack Obama saidthat America's election of Donald Trump and the U.K.'s vote to leave the European Union reflect a political uprising in the West over economic inequities spawned by leaders' mishandling of globalization.
WSJ | Thu, 17 Nov 2016 04:32:37
CFTC data show five largest clearing houses demanded extra money to cover volatility
FT | Thu, 17 Nov 2016 01:40:59
Oxford dictionary editors have chosen their word of the year: a term sometimes used to describe the current political climate. Oxford Dictionaries said Wednesday that use of the term rose 2,000 percent between 2015 and 2016, often in discussions of Britain's decision to leave the European Union and the campaign ...
Japan Times | Thu, 17 Nov 2016 01:26:05
Will the Autumn Statement reveal more about the government's Brexit plans than about the economy?
BBC | Thu, 17 Nov 2016 00:14:34
Archbishop of Canterbury among leading figures joining two-year study by left-leaning Institute for Public Policy Research The archbishop of Canterbury will spend the next two years as part of a commission launched by a left-leaning thinktank that aims to rewrite the rules for Britain's post-Brexit economy. Justin Welby will join ...
Larry Elliott Economics editor / Guardian | Thu, 17 Nov 2016 00:01:33
Autumn Statement to reveal hit to growth and tax income over next five years
FT | Wed, 16 Nov 2016 21:28:00
Brexit & Beyond: U.K. Unemployment Lowest In Decade, EU Cracks Budget Whip, Macron Throws Hat Into Ring
Brexit & Beyond: Europe in Flux is The Wall Street Journal's round-up of news and analysis of how Brexit will affect global business, economies and finance. You can sign up here. MUST READS The unemployment rate stood at 4.8% in the third quarter of the year, compared with 4.9% in ...
MoneyBeat | Wed, 16 Nov 2016 19:16:22
George Monbiot concludes that, in response to the crisis that lies behind Brexit and Trump, what we need is "a new story of what it is to be a human in the 21st century" (The deep story beneath Trump's triumph, 14 November). What we actually need is a revolution in ...
Letters / Guardian | Wed, 16 Nov 2016 19:03:20
An Italian minister attacks Boris Johnson for allegedly suggesting Italy could lose Prosecco sales post-Brexit.
BBC | Wed, 16 Nov 2016 18:49:22
He said he had achieved his political ambition with Brexit, but is the House of Lords Nigel Farage's next stop?
BBC | Wed, 16 Nov 2016 18:24:10
Britain's jobless rate has dropped to a new 11-year low, but the number of people receiving unemployment benefit has risen by almost 10,000 Oil volatile but Opec deal hopes grow Jobless rate hits 11-year low But claimant count suggests storms ahead Average earnings (ex bonuses) rise by 2.4% The key ...
until 12.35 / Guardian | Wed, 16 Nov 2016 17:39:15
Senior staffers prepared to quit amid fears of acrimonious departure process
FT | Wed, 16 Nov 2016 17:35:19
A post-Brexit trade deal between Canada and Britain will use the European Union CETA pact as its basis
Reuters / Financial Post | Wed, 16 Nov 2016 17:24:03
Survey shows dilemma facing government as it prepares for Brexit
FT | Wed, 16 Nov 2016 16:41:43
A diversification of Broadgate tenants could prove prescient if bankers depart
FT | Wed, 16 Nov 2016 16:40:22
Britain's unemployment rate fell in the first three months after the Brexit vote to its lowest level in 11 years but there were some signs that a slowdown in the labour market could be coming. The unemployment rate edged down to 4.8 percent in the July-September period, compared with a ...
OANDA | Wed, 16 Nov 2016 16:34:29
The number of eastern EU workers in the UK increased after the referendum, official estimates suggest.
BBC | Wed, 16 Nov 2016 16:32:56
Housebuilder says overall market conditions are healthy and Brexit vote has not hit demand for new homes One of Britain's biggest housebuilders has started cutting prices on some of its most expensive London homes because of waning demand at the top end of the market. Barratt Developments said that although ...
Angela Monaghan and Hilary Osborne / Guardian | Wed, 16 Nov 2016 16:03:29
The U.K.'s Justice Hale said a "simple act of Parliament" may not be enough to ensure the country leaves the European Union
The Telegraph / Financial Post | Wed, 16 Nov 2016 15:38:36
Office for National Statistics reports joblessness at 4.8% in September and small rise in wages Unemployment dropped to its lowest level in 11 years in September in a further indication that Britain's employers have largely shrugged off the Brexit vote. Official figures show the unemployment rate was 4.8%, the lowest ...
Phillip Inman Economics correspondent / Guardian | Wed, 16 Nov 2016 15:07:31
It's official: Truth is dead. Facts are passe. And this sentiment - 😂 - is so last year. Oxford Dictionaries has selected as 2016's international word of the year, after the contentious "Brexit" referendum and an equally divisive U.S. presidential election caused usage of the adjective to skyrocket, according to ...
The Fix | Wed, 16 Nov 2016 14:16:36
How should the world define 2016? According to Oxford Dictionaries, one simple phrase sums up 2016:
CNBC | Wed, 16 Nov 2016 14:04:00
Telegraph | Wed, 16 Nov 2016 13:34:52
The Oxford English Dictionary has named the international word of the year after its usage spiked around the Brexit vote and the US election.
CNN | Wed, 16 Nov 2016 13:10:43
Survey shows dilemma facing government as it prepares for Brexit
FT | Wed, 16 Nov 2016 13:04:09
The election of Donald Trump, and collapse of the centre ground in politics, is a crisis of globalisation brought about by inequality, Bill Winters, CEO of Standard Chartered said. Populist uprisings, including the UK's vote to leave the European Union, spark "tons of open questions," Winters said. "But we shouldn't ...
Business Insider | Wed, 16 Nov 2016 13:01:47
In the aftermath of the Brexit vote to leave, one of the Tweets that caught my eye was from founder and CEO of analyst firm HfS Research Phil Fersht, which simply said, "At least the British can stop worrying about robots taking their jobs. Just get rid of the jobs ...
Mike Ettling, SAP / Forbes | Wed, 16 Nov 2016 12:49:00
UK decision to leave Europe will mean firms will be left outside the single market, said the EU's top finance minister.
CNBC | Wed, 16 Nov 2016 12:47:00
LONDON, Nov 16 (Reuters) - Negotiations over Britain's departure from the European Union are very complex and are going to take longer than the scheduled two years, Eurogroup President Jeroen...
Reuters | Wed, 16 Nov 2016 12:18:25
Peter Mandelson has just made the most monstrously misleading assertion, one that is just nonsensical. He is insisting that post-Brexit Britain will have to charge tariffs upon imports. This is simply not true--it is just flat out not true in any manner whatsoever. All of which makes it a little ...
Tim Worstall, Contributor / Forbes | Wed, 16 Nov 2016 12:11:00
Joblessness has hit a new 11-year low, but a rise of almost 10,000 in the claimant count suggests we could be at a turning point All things considered, the government will be happy with how the labour market performed in the first three months after the EU referendum. Unemployment has ...
Larry Elliott / Guardian | Wed, 16 Nov 2016 11:44:27