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UK Food Standards under Brexit Threat

UK Food Standards under Brexit Threat

July 25th, 2017

Liam Fox and talks on a potential post-Brexit trade deal with the US are in the spotlight today. The International Trade Secretary is visiting Washington in order to start discussions for a deal that will boost trade relationships between the two countries. UK workers' unions and firms have warned that the UK might be rushing into this, without being properly prepared for the negotiations.

  • “Strong and Cable” Leader Blames Brexit
    July 21st, 2017

    “Strong and Cable” Leader Blames Brexit

    The new leader of the Liberal Democrats is the 74-year-old former business secretary Vince Cable who was named party leader on Thursday after Tim Farron stood down.

  • UK Public Finances Deteriorate
    July 21st, 2017

    UK Public Finances Deteriorate

    Sterling rallied against the US Dollar today, but Philip Hammond has the arduous task of balancing UK public finances.

  • Turkey, Greece Earthquake Kills Two
    July 21st, 2017

    Turkey, Greece Earthquake Kills Two

    In the early hours of Friday, an earthquake of magnitude 6.7 killed two people on the island of Kos in the Dodecanese Islands archipelago, and injured more than 120 people in Kos and 70 more people in the Turkish towns of Bodrum and Datca.

  • Brexit: Restrictions on UK Citizens in Europe
    July 20th, 2017

    Brexit: Restrictions on UK Citizens in Europe

    The second round of Brexit negotiations, which began on Monday, concluded today with a press conference that failed to provide sufficient results on mutual concerns.

  • UK Retail Sales Beat Expectations
    July 20th, 2017

    UK Retail Sales Beat Expectations

    Three events are taking over today’s news agenda: the UK retail sales, the European Central Bank (ECB) monetary policy meeting, and the Bank of Japan (BoJ) cutting inflation forecasts, while maintaining its stimulus programme.

  • Brexit Means Less Money, More Instability
    July 19th, 2017

    Brexit Means Less Money, More Instability

    With a new report from the House of Lords’ EU committee out today, stressing the challenges of Brexit to the UK’s future, the question of whether Brexit will be a success or not shifts to a more pragmatic approach of dealing with the complexities and seeking flexible solutions.

  • Eurozone Construction Output Falls
    July 19th, 2017

    Eurozone Construction Output Falls

    Sterling regained some of its yesterday's losses against the Euro, but continued dropping against the US Dollar. The British currency seemed unable to fully recover from the major blow it suffered yesterday, when June's inflation data was published, showing an unexpected decline. Mark Carney, the Bank of England's (BoE) Governor, said that the "big picture" in inflation didn't change.

  • Tories Plotting Against Theresa May
    July 18th, 2017

    Tories Plotting Against Theresa May

    A letter of no confidence is allegedly circulating among Tory MPs who are conspiring to overthrow Theresa May.

  • Sterling Tumbles after Inflation Data
    July 18th, 2017

    Sterling Tumbles after Inflation Data

    The British Pound tumbled against the US Dollar and the Euro on news that inflation in the UK fell to 2.6% in June, on a year to year basis, although market experts were estimating that it will remain at 2.9%, which was last May's reading. Because of the inflation data released by the Office for National Statistics (ONS), analysts and traders believe that lower inflation may stop the discussions about the hiking of the Bank of England's (BoE) benchmark interest rate.

  • Winter is Coming: Leaks, Brexit, Tory Wars
    July 17th, 2017

    Winter is Coming: Leaks, Brexit, Tory Wars

    Today, the second round of the Brexit negotiations began and on Thursday it will conclude with a press conference. From Monday to Thursday, the negotiating teams will discuss issues including citizens’ rights and the Brexit bill.

  • Brexit Negotiations Round 2 in Brussels
    July 17th, 2017

    Brexit Negotiations Round 2 in Brussels

    The week ahead is going to be big for the UK and its economy. Today, David Davis is in Brussels, accompanied by a negotiating team for a four-day round of talks with the chief EU Brexit negotiator, Michel Barnier. Talks will be concluded on Thursday and are expected to be tough since the Brexit bill and the citizens' rights will be discussed.

  • Brexit Troubles and a Bit of Hope
    July 14th, 2017

    Brexit Troubles and a Bit of Hope

    Amidst warnings about life after Brexit, Michael Gove is breaking his silence, once more, to tell us that Brexit will help create a “greener, cleaner, better” planet.

  • UK Agrees to Pay Brexit Bill
    July 14th, 2017

    UK Agrees to Pay Brexit Bill

    The United Kingdom has, for the first time, officially acknowledged its financial obligations to the European Union (EU), according to a Financial Times report. The article suggested that Joyce Anelay, a Brexit minister, submitted a document regarding the Brexit financial settlement, to the Parliament, in which it is said that the UK recognises its obligations to the EU and the need for these to be resolved.

  • 5 Acid Attacks in London
    July 14th, 2017

    5 Acid Attacks in London

    In less than 90 minutes, two young men had attacked with acid 5 men in east London on Thursday night.

  • Theresa May’s EU Bill is a “power grab”
    July 13th, 2017

    Theresa May’s EU Bill is a “power grab”

    Today the Great Repeal Bill, or as it is officially called, the EU (withdrawal) bill, which will revoke the 1972 European Communities Act (ECA) and end the jurisdiction of the European Court of Justice, was published.

  • Sterling Strengthens on QE Comments
    July 13th, 2017

    Sterling Strengthens on QE Comments

    The Pound rallied against the Euro and the US Dollar, reversing some of yesterday's losses. Sterling jumped when Ian McCafferty, a Monetary Policy Committee member, said that the Bank of England (BoE) should consider unwinding its Quantitative Easing (QE) programme. McCafferty also hinted at voting in favour of raising borrowing costs in August's MPC meeting.

  • How Quaint Brexit Once Was
    July 12th, 2017

    How Quaint Brexit Once Was

    The UK’s second round of Brexit talks with the EU will begin on Monday, and Michel Barnier reminded us today that the clock is ticking.

  • Real Wages Fall, But Employment Rises
    July 12th, 2017

    Real Wages Fall, But Employment Rises

    Sterling was in for a bumpy ride today, hitting an eight-month low against the Euro earlier in the morning, on news that Ben Broadbent, the Deputy Governor of the Bank of England (BoE), isn't ready yet to vote in favour of an interest rate hike yet. The Pound's tumbling stopped when the Office for National Statistics (ONS) published data which showed that Britain's unemployment rate fell to levels not seen since the summer of 1975.

  • How do you Feel About the Taylor Review?
    July 11th, 2017

    How do you Feel About the Taylor Review?

    The government’s Taylor review into the labour market and workers’ rights in the gig economy has been attacked as “feeble” by Thompsons Solicitors.

  • Markets Await Ben Broadbent’s Speech
    July 11th, 2017

    Markets Await Ben Broadbent’s Speech

    The British Pound surged against the US Dollar and the Euro as investors and traders are waiting to listen to the Bank of England's (BoE) Deputy Governor Ben Broadbent's speech. Broadbent is one of the last two Monetary Policy Committee's (MPC) members that have remained silent to this day, regarding the possibility of a hike of the BoE’s benchmark interest rate.

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