Tag: Economic growth (GDP)
Brexit will blow 59bn hole in public finances, admits Hammond
Chancellor attempts to strike cautiously upbeat tone but OBR warns of extra borrowing over next five years. Philip Hammond conceded that Brexit will blow a 59bn black hole in the public finances over the next five years, as he outlined plans to boost investment in infrastructure and housing to equip the UK economy for life […]
Economic woes create anti-establishment movements around the world
In some western countries frustration with the status quo is boosting populist and rightwing political parties The US is not the only western nation to be undergoing political ructions over the faltering post-crisis recovery. New counter-establishment parties have emerged in several countries and, as in the UK, people have voted for dramatic change. Meanwhile, theres […]
Brexit, low growth and the spectre of protectionism stalk an IMF in sombre mood
For bank governors and ministers heading to this weeks annual meeting in Washington, the UKs immediate prospects will be a rare bright spot. We pick the five areas causing most concern. For chancellors of the exchequer, annual International Monetary Fund meetings have not always been the happiest of occasions. Heading there in early October 2008, […]
Leave campaign rows back on key immigration and NHS pledges
Tory MEP Daniel Hannan says Brexit voters will be disappointed if they think there will now be zero immigration from EU The leave campaign has appeared to row back on key pledges made during the EU referendum campaign less than 24 hours after the UK voted for Brexit, after it emerged immigration levels could remain […]