As the United Kingdom grapples with its Brexit drama, the uncertainty around its decision to leave the EU persuaded Dale Carr to close down her Berlin shop selling British goods. The 67-year-old from Sheffield and her husband Robin in 1996 opened “Broken English”, a shop selling British goods to homesick expats and Germans with a taste for UK treats in the trendy district of Kreuzberg.
The International Monetary Fund on Tuesday lowered its forecast for global growth this year and next, warning that further US-China tariffs or a disorderly exit for Britain from the European union could further slow growth,
Britain’s Brexit crisis tipped the country’s construction industry into its sharpest fall in a decade in June, a survey showed, in a stark sign of how quickly the world’s fifth-biggest economy is slowing.
Jaguar Land Rover (JLR) is making a multi-million pound investment to build electric vehicles in Britain, in a major boost for the UK government and a sector hit by the slump in diesel sales and Brexit uncertainty.
A snarling warning from US President Donald Trump ahead of trade talks with China rattled stock markets on Tuesday, as brewing no-deal Brexit worries also roughed up the pound and Irish bonds again.
German investor morale improved for the sixth month in a row due to a resilient global economy and a delay to Britain’s departure from the EU, a survey showed on Tuesday, but the growth outlook for Europe’s largest economy remains clouded by external risks.
The weeks before Easter are usually some of the busiest of the year for bankers, lawyers and consultants in the City of London, as clients rush to get deals done before a run of public holidays. But this year comparatively little has been happening.
Japanese businesses with links to Britain say they have no immediate plans to flee the country as its government seeks to hammer out terms of its exit from the European Union, a Reuters poll found. Many said they would take a «wait-and-see» stance toward Brexit.
Britain’s Brexit-bound economy unexpectedly grew in February, helped by manufacturers rushing to meet orders from clients who are stockpiling goods ahead of the country’s break from the European Union, official data showed. While still sluggish, the economy expanded by 0.2 per cent from January, the Office for National Statistics said. Economists in a Reuters poll had expected zero growth.
International Monetary Fund Managing Director Christine Lagarde said on Thursday the delay of Britain’s separation from the European Union avoids the “terrible outcome” of a “no-deal” Brexit that would further pressure the global economy.