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Category: Economy

There’s your black hole! Minister confirms UK’s paid £24bn for Brexit divorce bill | The London Economic

19 October 2024 BrexitCarnage 1 Comment

“The actual cost of Brexit dwarfs the reported £22bn ‘black hole’ in Britain’s finances – and the figure’s set to…

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Posted in: Economy, UK Filed under: black-hold, brexit, economy, uk

Science department Budget squeeze will undermine UK innovation, industry leaders warn | FT

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​  Tight finances made worse by bill to rejoin EU programme Horizon. Read More 

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Posted in: Economy, Education, Europe, Industry, Politics, research, UK Filed under: brexit, budget, eu, horizon, uk

UK non-doms warn of ‘second Brexit’ impact from bigger tax hit | Bloomberg News

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​  Gabor Futo spent the past two decades forging one of Europe’s biggest property empires. Today, he spends much of his…

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

UK to rely on investment ‘guardrails’ to keep bond market happy | Reuters

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​  Britain’s Labour government is banking on its new system of spending watchdogs and public advisory bodies to reassure markets that…

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

UK has potentially lost £44bn in public investment due to Brexit | UK in a Changing Europe

18 October 2024 BrexitCarnage Leave a comment

“The UK has potentially lost more than £44bn in public investment since 2017, assuming it would have continued to receive…

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Posted in: Economy, Industry, UK Filed under: brexit, investment, uk

How Brexit damaged the City: the truth at last | The New European

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“The loss of jobs has been a disaster and blown a £1bn hole in Britain’s tax revenues.” https://www.theneweuropean.co.uk/jonty-bloom-how-brexit-damaged-the-city-the-truth-at-last/

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Posted in: Economy, Industry, Opinion, UK Filed under: brexit, city, disaster, jobs, london, tax, uk

City of London chief says Brexit ‘disaster’ cost 40,000 finance jobs | Yahoo/Reuters

16 October 2024 BrexitCarnage Leave a comment

“‘Brexit was a disaster,’ Mainelli said.” https://uk.finance.yahoo.com/news/city-london-chief-says-brexit-082234030.html

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Posted in: Economy, Industry, UK Filed under: brexit, city-of-london, disaster, uk

Reeves risks market backlash if debt doesn’t stabilize, IMF says | BNN Bloomberg

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“Debt risks in the UK ‘were elevated’ and the lack of credible plans for dealing with it could trigger adverse…

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Posted in: Economy, Politics, UK Filed under: debt, economy, imf, risks, uk

UK may need £20bn tax hike to stop spending cuts, think-tank says | Reuters

15 October 2024 BrexitCarnage Leave a comment

​  Britain’s new Labour government may need to increase taxes by 20 billion pounds ($26 billion) in its first budget on…

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

Scope maintains UK ‘stable’ rating outlook but notes Brexit problems | Morningstar

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​  (Alliance News) – Scope Ratings on Friday maintained the outlook on its credit rating for the UK, … Read More 

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Posted in: Economy, Europe, UK Filed under: brexit, economy, eu, trade, 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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