It is the quiet before the storm on Brexit. After a three-week summer break, UK and EU negotiators reconvene this week for another round of talks. They have just several weeks to overcome the key obstacles to a deal—disagreements on … Read More
LONDON (Reuters) – Britain’s assessment is that a Brexit agreement can be reached with the European Union in September, the UK chief negotiator David Frost said on Thursday ahead of a round of negotiations with his EU counterpart Michel Barnier … Read More
BOLOGNA — As monetary and fiscal authorities have acted aggressively to blunt the COVID-19 pandemic’s economic impact, public debt and central-bank balance sheets have swelled rapidly. In the European Union, this trend is compounded by a new 750 billion euros … Read More
LONDON (Reuters) – Britain reported 1,062 new positive tests for coronavirus on Sunday, the highest daily rise in new COVID-19 infections since late June, at a time of new local lockdowns in some areas and worries over a second wave … Read More
Rise in consumer spending cheers bank but unemployment will double and GDP drop ‘significantly’ The Bank of England building. Photograph: Ray Tang/REX/Shutterstock The Bank of England has said Britain’s economy is recovering more quickly than initially feared from the coronavirus pandemic … Read More
The European Union’s Brexit negotiator Michel Barnier (pictured) expressed confidence at a closed-door meeting with member state envoys to the bloc last Friday (24 July) that a new deal with Britain was possible, diplomatic sources have told Reuters, write Francesco Guarascio, Gabriela Baczynska. His … Read More
Many shops across London have permanently closed due to coronavirus (via Getty Images) More than 60 percent of London firms expect to lay off some of their furloughed employees, a survey has said, in a sign of the wave of … Read More
Britain’s chief Brexit negotiator David Frost admits there are significant ‘gaps’ in Brexit talks. He confirmed there was a continued impasse but struck a more hopeful tone in his media appearance following intensified discussions. He said an “agreement can still be reached in … Read More
Demonstrators greet Prime Minister Boris Johnson as he visits the Orkney Islands on July 23, 2020 | Robert Perry/Getty Images Not such a warm welcome as UK prime minister visits Scotland. The first time Boris Johnson visited Scotland as prime … Read More
Reuters Coronavirus will lead to a worldwide economic downturn somewhere between a “bad dream and worst nightmare”, former cabinet minister Liam Fox has warned. The Conservative MP said many leaders have failed to grasp the expected economic fallout from the … Read More