Economics

Investors are concerned that the Government is getting closer to a no-deal Brexit, which they believe will hit the UK economy and the pound.

The public sector borrowed £7.2 billion in June – £3.8 billion more than June last year.

The pound has lost 6% of its value against the currency since the start of May.

Traders are concerned that a no-deal Brexit is more likely, after both Conservative leadership candidates toughened their positions.

“Employment growth is showing increasing signs of fraying."

Since the Conservatives came to government in 2010, national debt has increased from £1 trillion to £1.8 trillion.

“Some companies already start moving their operation to other places in Europe"

Bank of England boss Mark Carney has warned that a “notable” increase in no-deal Brexit fears and ongoing uncertainty is damaging Britain’s economy. The Bank’s governor told MPs the lack of any progress towards a deal and the extended Brexit deadline is leaving firms in limbo in terms of preparations and investment. In a hearing with the Treasury Select Committee, Mr Carney said there has been a “notable increase” in market expectations of no deal. He said this uncertainty in...

Tax cuts planned by Boris Johnson, the leading candidate to become Britain's next prime minister, could cost as much as 20 billion pounds a year, according to calculations from the Institute for Fiscal Studies think tank. Johnson, who is vying for the votes of Conservative Party members in a run-off against foreign minister Jeremy Hunt, has proposed raising the threshold at which higher-rate income tax is payable to 80,000 pounds a year from 50,000 pounds. Cutting tax on these earnings...