The deficit in October came in wider than expected, in a piece of disappointing news for Philip Hammond on the eve of his Autumn Budget. The Office for National Statistics reported on Tuesday that public borrowing was £8bn in the month, higher than the £7bn pencilled in by City of London analysts and up on […]
The slump in sterling after the EU referendum wiped over £100m from easyJet’s profits in the year to the end of September. Britain’s biggest budget airline saw pre-tax profits fall by one-sixth to £408m, blamed on the devaluation of the pound after the Brexit vote. Over the year, easyJet flew 80 million passengers. All but […]
British workers may be willing to accept lower wages in the wake of the Brexit vote, according to the newest member of the Bank of England’s Monetary Policy Committee. Sir Dave Ramsden joined the MPC in September and was in a minority of two on the nine person committee in voting to keep interest rates […]
Millions of business owners across the UK are worried that the Budget will do little to address their concerns and are calling for more support from the Government during the Brexit process, a new survey has revealed. According to the research by challenger bank Aldermore, 68 per cent of small business bosses – representing 3.74 […]
The EU’s chief Brexit negotiator Michel Barnier made it clear on Monday that, when the UK leaves the single market, financial services firms based in Britain will lose their “passporting” rights. “On financial services, UK voices suggest that Brexit does not mean Brexit. Brexit means Brexit, everywhere,” Mr Barnier told the Centre for European Reform. […]