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Category: Economy

Britain’s ’emerging market’ crisis | Politico

27 September 2022 BrexitCarnage Leave a comment

Read More  ​Brexit signaled that foreigners were not welcome in the U.K., and as a result, many skilled foreign workers…

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Posted in: brexit, Currencies, Economy, UK Filed under: brexit, emerging market crisis

Larry Summers says Brexit has turned UK into submerging market | The London Economic

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Read More  ​Former US Treasury Secretary Larry Summers says Brexit and Liz Truss’s extreme tax cutting is turning the UK…

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Posted in: Currencies, Economy, UK Filed under: brexit, submerging market, summers, uk, us

Hedge funds made a fortune shorting the pound – now they may be under investigation | Fortune

26 September 2022 BrexitCarnage Leave a comment

https://fortune.com/2022/09/26/short-the-pound-uk-government-liz-truss-kwarteng-budget-hedge-funds-george-soros/

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Posted in: Economy, UK Filed under: hedge-funds, investigation, pound

UK economy is heading for calamity | New Statesman

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https://www.newstatesman.com/comment/2022/09/uk-economic-calamity

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Posted in: Economy, Politics, UK Filed under: calamity, uk-economy

Brexit disaster: UK business activity falls at fastest rate since early 2021 | Famagusta Gazette

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Read More  ​… levels to an extent not seen since 2009, barring the COVID-19 pandemic lockdowns and initial 2016 Brexit…

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Posted in: Business, Economy, UK Filed under: brexit

Truss facing party pressure amid fears over pound slump | Evening Standard

25 September 2022 BrexitCarnage Leave a comment

“Conservative MPs are prepared to vote against Truss’s tax cuts or submit letters of no-confidence if the pound continues to…

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Posted in: Economy, Politics, UK Filed under: conservative-mps, letters-of, pound, truss

Pound hits fresh 37-year low after mini-budget rocks markets | The Guardian

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“Sterling fell to $1.077 in early trading when Asia-Pacific markets opened after the weekend, close to parity with the US…

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Posted in: Economy, UK Filed under: budget, pound, sterling, us-dollar

“La livre sterling est en danger”: la vive inquiétude d’un analyste financier | La Tribune

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Read More  ​Entre le Brexit, le retard de la Banque d’Angleterre pour remonter ses taux et maintenant la politique budgétaire,…

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Posted in: Economy, Europe, Politics, UK Filed under: brexit, financial analyst, inflation, tax cuts

Plunge in sterling leaves drivers paying £6 more for tank of petrol, says AA | The Guardian

24 September 2022 BrexitCarnage Leave a comment

https://www.theguardian.com/money/2022/sep/24/plunge-in-sterling-leaves-drivers-paying-6-more-for-tank-of-petrol-says-aa?utm_term=Autofeed&CMP=twt_gu&utm_medium&utm_source=Twitter#Echobox=1663975922

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Posted in: Automotive, Currencies, Economy, energy-and-climate, Road, Transport, UK Filed under: drivers, petrol, sterling

Investors warn Kwarteng that fiscal plan threatens markets’ confidence in UK | Financial Times

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https://www.ft.com/content/d8bab1aa-3645-4faa-9616-31c14688b0ab

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Posted in: Economy, UK Filed under: budget, fiscal-plan, kwarteng, market-confidence

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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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