british economy

LONDON | Brexit unease sees UK economy takes a turn for the worse

LONDON (AP) — The British economy has not had a worse year since the global financial crisis and Brexit uncertainty is clearly to blame. The government even admits it. Official figures released Monday showed that a lack of clarity over Brexit weighed on businesses throughout 2018 and kept a lid on their investments. For 2018 … Continue reading LONDON | Brexit unease sees UK economy takes a turn for the worse

LONDON | ‘Fog of Brexit’ means UK could enter recession this year

LONDON (AP) — The British economy is set to grow at its slowest rate since the global financial crisis a decade ago as the “fog of Brexit” causes heightened uncertainty, the Bank of England warned Thursday. With Britain due to leave the European Union in just 50 days, the central bank said that questions over … Continue reading LONDON | ‘Fog of Brexit’ means UK could enter recession this year

LONDON | British economy ‘stalling’ amid intensified Brexit worries

LONDON (AP ) — A closely watched survey shows that the British economy is not far away from shrinking amid intensified Brexit uncertainties. Financial information firm IHS Markit said Tuesday that its “all-sector” purchasing managers’ index dipped to 50.3 points in January from 51.5 the previous month. Were it to fall below 50, it would be … Continue reading LONDON | British economy ‘stalling’ amid intensified Brexit worries

LONDON | Is there a Brexit ‘Plan B?’ UK minister offers alternatives

LONDON  — Britain could consider a “Norway-plus” deal with the European Union if British Prime Minister Theresa May fails to win lawmakers’ approval next week for her unpopular Brexit deal, a senior minister said Saturday. Work and Pensions Secretary Amber Rudd was the first minister to publicly discuss a “Plan B” should May’s Brexit divorce … Continue reading LONDON | Is there a Brexit ‘Plan B?’ UK minister offers alternatives

LONDON | The Latest: Carney says criticism of Brexit study was unfair

LONDON— The Latest on Brexit (all times local): 10:15 a.m. Bank of England Governor Mark Carney says some of the criticism thrown at him over the past few days since the bank published its economic assessments of Brexit has been unfair. Addressing lawmakers, Carney said the analysis, which illustrated potential “scenarios” for the British economy … Continue reading LONDON | The Latest: Carney says criticism of Brexit study was unfair

LONDON | UK faces prospect of recession and downgrade, S&P warns

LONDON  — Britain faces the prospect of an immediate and prolonged recession, spiking unemployment and inflation if it crashes out of the European Union in March with no deal on future relations, a leading credit ratings agency warned Tuesday. In a wide-ranging report, Standard & Poor’s said a “no-deal Brexit could push the U.K. economy … Continue reading LONDON | UK faces prospect of recession and downgrade, S&P warns

LONDON | Treasury chief says UK faces new strategy in no-deal Brexit

LONDON  — Britain’s Treasury chief says the country would need a new economic strategy if it leaves the European Union without a deal. Speaking the day before he delivers his budget in the House of Commons, Philip Hammond told Sky News the plan is based on the idea there will be a Brexit deal on … Continue reading LONDON | Treasury chief says UK faces new strategy in no-deal Brexit

LONDON | Brexit uncertainty set to hobble UK economy through winter

LONDON — The uncertainty over Brexit that’s hobbling the British economy is set to go on for longer than expected, leaving companies and households in a limbo. When Britain triggered the two-year timetable to leave the European Union, October’s summit of EU leaders was supposed to be the moment a Brexit deal would be agreed … Continue reading LONDON | Brexit uncertainty set to hobble UK economy through winter

LONDON | Britain to accept some EU rules in case of Brexit no deal

LONDON — Britain will unilaterally accept some European Union rules and give EU financial services firms continued access to the U.K. market in order to maintain stability if the country crashes out of the bloc without a deal, the country’s top negotiator said Thursday. The details come in a raft of documents laying out government … Continue reading LONDON | Britain to accept some EU rules in case of Brexit no deal