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Category: Economy

Budget shows Britons paying price for Labour’s stubborn refusal to re-join EU, Rejoin EU Party says | London Loves Business

4 November 2024 BrexitCarnage Leave a comment

“Brexit is the problem, but tax rises are not the solution.” https://londonlovesbusiness.com/budget-shows-brits-are-paying-the-price-for-labours-stubborn-refusal-to-re-join-the-eu-the-rejoin-eu-party-says/

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Posted in: Economy, Politics, UK Filed under: brexit, budget, labour, uk

Westminster won’t admit it, but here’s why Brexit is behind Labour’s £40bn tax rise | The Scotsman

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​  The UK will be £311 billion worse off due to Brexit over the next decade, according to a report published…

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Posted in: Economy, Europe, Opinion, Politics, UK Filed under: brexit, budget, eu, tax rise, uk

Worst of Britain’s Brexit pain is still to come, admits Treasury minister | The Independent

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​  Exclusive: In a damning assessment of Britain’s departure from the European Union, Treasury minister Tulip Siddiq said 60 per cent…

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Posted in: Economy, Europe, UK Filed under: brexit, eu, pain, Treasury minister, uk

Reeves told she’ll have to raise £9bn more to avoid UK public-service cuts | The Guardian

3 November 2024 BrexitCarnage Leave a comment

“Warning comes after Reeves’s record tax-raising budget sent tremors through financial markets.” https://www.theguardian.com/politics/2024/oct/31/ifs-says-extra-9bn-of-tax-rises-may-be-needed-to-avoid-uk-public-service-cuts

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Posted in: Economy, UK Filed under: brexit, budget, economy, uk

Investors warn of lasting ‘risk premium’ in gilts following UK Budget | FT

2 November 2024 BrexitCarnage Leave a comment

​  Investors are warning of a lingering “risk premium” in UK government borrowing costs after Rachel Reeves’ Budget sent gilt yields…

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Posted in: Economy, Europe, UK Filed under: brexit, eu, gilt yields, uk

Reeves faces market wobbles and UK ministers still wanting more | BNN Bloomberg

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“The market reaction was far from ideal.”  https://www.bnnbloomberg.ca/investing/2024/11/02/reeves-faces-market-wobbles-and-uk-ministers-still-wanting-more/

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Posted in: Economy, Politics, UK Filed under: bond-yields, budget, economy, market, Reeves, uk

‘Want to expand the economy? Remove Brexit trade barriers’, Davey tells Starmer | The London Economic

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“Davey lambasts Labour for Brexit stance.” https://www.thelondoneconomic.com/politics/uk-brexit-rejoin-single-market-ed-davey-385047/

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Posted in: Economy, Politics, UK Filed under: brexit, Davey, uk

Moody’s says UK budget poses new hurdle for public finances, FT reports | Reuters

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​  Ratings agency Moody’s said British finance minister Rachel Reeves’ first budget will create new challenges to efforts to strengthen Britain’s … Read…

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Posted in: Economy, Europe, UK Filed under: brexit, eu, uk

Tension, anger and frustration ‘so tangible’ among farmers after Budget – NFU | The Independent

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 Britain’s farmers and growers will take part in a mass lobby of their MPs later this month.  Read More 

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Posted in: Agriculture, Forestry & Fishing, Economy, Europe, Industry, UK Filed under: brexit, economy, uk

UK borrowing costs at highest for a year after Budget | BBC

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​  Analysts say the rise in borrowing costs is a sign the markets aren’t happy about the increase in government spending. Read…

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Posted in: Economy, Europe, UK Filed under: borrowing costs, brexit, eu, uk

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Comment on Carnage

  • Mark on Brexit has been a resounding disaster. Starmer must find the courage to change course | The Guardian
  • Kevin Jones on New entrance fee to visit Europe set to triple, says European Commission | CNBC
  • Elizabeth Gardiner on Labour is risking UK financial crisis by refusing to re-join EU | Rejoin EU Party
  • Elizabeth Gardiner on Brexit rule could leave UK passport holders banned from Spain for three years | Liverpool Echo
  • Elizabeth Gardiner on Reeves accused of leaving devolved nations in red after NICs rise | The Guardian
  • Elizabeth Gardiner on Bregret: Why many Britons regret leaving EU | Deutsche Welle
  • Kevin Jones on Brexiters’ ‘sabotage’ claims as new proposals clear Commons | The Independent
  • Graham on Brexiters’ ‘sabotage’ claims as new proposals clear Commons | The Independent

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