Economics - Brexit.Blog

Brexit Day 29: We're heading for recession, the only question is how deep

Financial institution Morgan Stanley have said that we're heading for a recession as a result of Brexit. The only question is exactly when it will start and how deep it will be. Ironically one of problems that they highlight is that the coming recession

Economics

Brexit Day 21: Some good news - the pound surges up

The pound has risen against both the dollar and the euro, closing at $1.33 and €1.20. Apparently this effect was caused by the failure of the Bank of England to reduce the interest rate fron 0.5% to 0.25%. A currency

Economics

Brexit Day 15: Customs could get a lot more difficult and imported food more expensive.

The BBC Farming Today program had an interview with a farmer who owns a lot of farms in the UK and in Europe. He raised the point that if we leave the single market and go back to things as they were, it would

Consequences

Brexit Day 15: Sunderland - what if Nissan does leave?

Listening to an interview on BBC Radio 4 with people in Sunderland about Brexit. Sunderland was an industrial area that was hit particularly hard as our manufacturing businesses, particularly ship building in the case of Sunderland, shut down. It has regenerated itself, and in

Economics

Brexit Day 13: The pound hits it's lowest level since 1985

The £ pound has slide to it's lowest level against the dollar since 1985. At one point today it hit $1.27 per pound. It is yet another indicator of how unstable the financial markets are as a result of the Brexit vote. The markets