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Category: Economy

Odey’s hedge fund soars 145% on bets against UK bonds – sources | Reuters

24 September 2022 BrexitCarnage Leave a comment

“Odey, who was a leading backer of Brexit, came to prominence during the 2008 global financial crisis, when he made…

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Posted in: Banking, brexit, Economy, Europe, Financial Services, UK Filed under: odey, shorting, uk-bonds

UK unveils sweeping tax cuts to fight inflation amid recession fears | France 24

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Read More  ​… face a cost-of-living crisis, Kwarteng axed an EU-inherited cap on bankers’ bonuses following Brexit to bolster the…

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

French investors first in the queue at the UK’s rummage sale | Financial Times

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Read More  ​Brexit was supposed to awaken a latent buccaneering spirit, unshackling entrepreneurs and companies to roam the globe pillaging…

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

British pound slump this year has surpassed hit from 2016 Brexit vote | Bloomberg

22 September 2022 BrexitCarnage Leave a comment

“The pound’s slump shows little sign of ending amid the ongoing story of dollar strength, as well as concerns about…

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Posted in: Economy, Politics, UK Filed under: brexit-vote, dollar-strength, economic-policy, pound

Fresh-start Truss faces a ‘sudden stop’ | International Politics and Society

21 September 2022 BrexitCarnage Leave a comment

“Truss aims for economic growth, but after Brexit and the pandemic, the country is staring down the barrel of a…

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Posted in: Economy, UK Filed under: collapsing-economy, truss

Trussonomics could ‘fast-forward’ UK’s appetite to re-join EU | The London Economic

19 September 2022 BrexitCarnage Leave a comment

“Truss’s insistence on borrowing money to fund the energy-crisis package has contrasted starkly with the approach of the EU, which…

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Posted in: Economy, Politics, UK Filed under: concerns, energy-crisis, rejoin-eu, truss

Is the pound close to breaking point? | East African Business Week

17 September 2022 BrexitCarnage Leave a comment

“Like almost every other currency except the US dollar and perhaps the euro, the pound lacks attributes of a dominant…

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Posted in: Currencies, Economy, Financial Services, UK Filed under: breaking-point, commonwealth, dominant-currency, pound, sterling

Government warned investors could desert UK as pound hits 37-year low | The Independent

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“Ms Horlick also warned that Brexit compounded Britain’s bleak economic outlook because the red-tape burden meant the UK was unable…

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Posted in: Currencies, Economy, Financial Services, Politics, UK Filed under: horlick

Johnson is handing his successor an economic ‘catastrophe’ | CNN

4 September 2022 BrexitCarnage Leave a comment

“Exports and imports will be about 15% lower in the long run than they would have been if the UK…

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Posted in: Economy, Politics, Trade, UK Filed under: brexit, economy, exports, imports, uk

UK Slips Behind India to Become World’s Sixth Biggest Economy | Bloomberg

2 September 2022 BrexitCarnage Leave a comment

“Cost-of-living shock batters UK while Indian economy surges.” https://www.bloomberg.com/news/articles/2022-09-02/uk-slips-behind-india-to-become-world-s-sixth-biggest-economy?cmpid%3D=socialflow-twitter-bloomberguk

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Posted in: Economy, UK Filed under: economy, india, 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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