UK bond yields fall to a new record low, despite looming debt downgrades June 27, 2016 Borrowing costs for the UK government have dropped to their lowest on record as investors flock to the safe haven of government debt in the midst of Brexit uncertainty. Yields on the benchmark 10-year Treasury bonds plunged to 0.94 per cent, down an unprecedented 0.14 percentage points – or 14 basis points – since yesterday. It is [...]
Markets are pricing in a “significant chance” of the Bank of England introducing negative interest rates June 27, 2016 Markets are pricing in a 15 per cent chance of the Bank of England slashing interest rates below zero as financial markets continue to wobble after the UK's historic vote to leave the EU last week. As trading was suspended on banking shares after another day of double-digit falls, the market outlook on the future path [...]
EU referendum: Depending on your calculations, the UK economy could be smaller than France’s June 27, 2016 The UK economy isn't looking in too fine a shape right about now, with the financial markets reeling in the aftermath of the vote to Leave the European Union. One notion that seems to have gained a bit of traction is that the UK's economy is no longer the world's fifth largest, having been overtaken by [...]
Virgin founder Richard Branson is urging voters to sign a petition calling for a second referendum into the UK’s EU membership June 27, 2016 Virgin founder Sir Richard Branson is urging Brits to sign a petition calling for a second referendum into EU membership. Branson, who campaigned for a Remain vote, said many voters had been misled by the Leave campaign which won on Friday morning, and should sign the controversial petition, which demands a new vote. Writing on [...]
Britain needs a liberal post-referendum plan June 27, 2016 Does the country feel different to you? Do you feel it stands a little taller in the world or has it already shrunk in status? Whatever your perspective on the referendum result, Britain now finds itself at an historic and unprecedented juncture. First and foremost, the outcome of this vote must be accepted as the democratic [...]
Week ahead: Markets set to feel the Brexit burn as uncertainty reigns June 27, 2016 The spotlight will this week continue to be firmly on the implications of the UK’s shock decision to quit the European Union. Markets are expected to be on post-Brexit watch, with twitchy traders nervous over potential volatility. After the vote on Thursday the FTSE 100 dived more than eight per cent at the open on Friday [...]
EU referendum: London Chamber of Commerce renews calls for London business visa June 26, 2016 London needs to make it easier for foreign skilled workers to come to the capital, the London Chamber of Commerce and Industry has warned. Last week’s vote for the UK to quit the European Union means London will struggle to remain competitive with European cities, the business group’s chief executive Colin Stanbridge told City PM The [...]
The Bank of England could cut its rates after vote for Brexit, according to Bank of America Merrill Lynch as it warns of imminent recession June 26, 2016 The Bank of England could be about to cut interest rates following the vote for the UK to quit the European Union. Experts at some of the world’s biggest banks have lined up say they’re expecting the Bank to ease further over rates at its next monetary policy meeting in July, and potentially restart quantitative easing [...]
George Osborne to break Brexit silence and try to reassure UK on economy June 26, 2016 George Osborne is to break his post-EU referendum silence on Monday morning. The chancellor will seek to provide reassurance about financial and economic stability following the UK’s vote for a Brexit. Read more: This is the end of Cameron and Osborne, says Danny Blanchflower Along with Prime Minister David Cameron, who announced his resignation on [...]
Lord Sugar slams Boris Johnson for “misleading” the British public “with lies”about Brexit June 25, 2016 Lord Sugar has pointed a finger at Leave champions Boris Johnson and Michael Gove for "misleading" the British public "with lies" about benefits of Britain leaving the EU . In a series of tweets, the Apprentice boss said that the "Leave fuelled by a festering sense of betrayal among legions of working class voters". Leave fuelled by [...]
