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Economy

UK would eliminate majority of tariffs after a no-deal Brexit

The UK government has revealed its plans to temporarily cut tariffs for up to 12 months if Britain leaves the EU without a deal.

Currently all goods that are imported from the EU are tari...

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13 Mar 2019
Economy

Greece has completed its 3 year eurozone bailout programme

Greece has successfully finished its eurozone bailout programme after being given tens of billions of euros to help fix its economy. 

The country will now be able to borrow on intern...

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20 Aug 2018
Economy

Has the UK inflation rate risen for the first time since November?

In July, the UK inflation rate increased to 2.5%, after remaining at 2.4% for the previous 3 months as the cost of transport and computer games went up. 

It was the first rise in the...

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15 Aug 2018
Economy

Is UK unemployment at its lowest since 1975?

According to official figures from the Office for National Statistics (ONS), in 3 months to June UK unemployment decreased by 65,000 to 1.36 million - the lowest for over 40 years.&n...

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14 Aug 2018
Economy

Have companies in Brexit experienced a 'supply shock' as fewer EU citizens come to the UK?

According to a survey of 2,000 employers, companies are suffering from a 'supply shock' as fewer EU citizens come to the UK, and they are struggling to fill vacancies. 

The C...

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13 Aug 2018
Economy

Has fear of the Turkish lira's volatility caused the value of the euro to fall?

On Monday, the Turkish lira fell by nearly 9% in early trading and the euro reached a 1-year low as investors think that the country's current financial crisis could spread to European markets....

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13 Aug 2018
Economy

Has the pound fallen lower against the dollar and the euro?

For the first time in almost a year, the pound has fallen below $1.29 amid increasing fears of a no deal Brexit. 

Sterling also hit a 9-month low against the Euro, and was down again...

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08 Aug 2018
Economy

Carney deems a No-deal Brexit 'highly undesirable'

Mark Carney, the Bank of England governor, has told the BBC that a no-deal Brexit is 'uncomfortably high' and 'highly undesirable'. 

Carney stated that the prospect o...

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03 Aug 2018
Economy

Some expect the Bank of England to increase base rate to 0.75%

On Thursday, the Bank of England is expected to increase interest rates for just the second time in the last decade. 

Economists and investors have predicted that the Monetary P...

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02 Aug 2018