Economics

Ending the free movement of labour from Europe could create a major shortage of workers, especially in South-East England, according to a new study on the impact of Brexit. Researchers also found existing employment rights are likely to remain “more or less intact” after Brexit, as many UK laws exceed the minimum standards required by EU employment directives, while leaving the EU is unlikely to have a large impact on UK employment policy or collective representation by trade unions. Both...

The near future of the global economy looks "extremely bleak," according to state of the art statistical analysis of the influential S&P 500 stock market index by nuclear scientists

An evening in which the DUP stopped propping up Theresa May's majority in parliament during what should have been a rubber-stamping of Chancellor Philip Hammond's budget saw another major blow to the likelihood of Theresa May winning a House of Commons vote on her Brexit deal. In an equally embarrassing set back for Theresa May, she was also forced tonight to agree to publish her full economic advice on the impact of her proposed Brexit agreement compared to the economic...

Biggest November drop since 2012, with former hotspots hit hardest, says Rightmove The richest parts of the UK are feeling the brunt of the fall in property prices, according to website Rightmove. It is the biggest drop since November 2012. House prices have dipped over £5,000 on average. The biggest falls were in London, where the typical asking price fell by £10,793 (a fall of 1.7%) and in the south-east of England, where prices were down £8,647 (2.1%). “Higher-end, former...

The pound is plummeting after Dominic Raab, and three other prominent Ministers resigned the morning, following May's Brexit deal with the EU. The prospect of a 'no deal' Brexit is rising and the Pound is falling. The Pound-to-Euro exchange rate is quoted at 1.1334, the Pound-to-Dollar exchange rate at 1.2786. We are seeing huge +1% losses against the Australian and New Zealand Dollars. Commenting on the fall in Sterling following the resignation of Dominic Raab, Secretary of State for Exiting...

Hammond’s Brexit 50p will be worth less than yesterday’s 50p. - As Hammond delivered his budget statement the pound fell again on world markets, 0.2% on the dollar.

The cryptocurrency could produce enough emissions to raise global temperatures by 2°C as soon as 2033 if its popularity continues to rise

More people are worse off under Universal Credit, according to a report published by a cross-party committee of MPs. Following evidence given by organisations including Mind and anti-poverty charity The Trussell Trust, the Public Accounts Committee has published their latest report which adds to the growing concern surrounding Universal Credit. Responding to the report, Director of External Relations at Mind, Sophie Corlett said:“Today’s hard-hitting report from the Public Accounts Committee (PAC) adds to mounting concerns about Universal Credit. The damning...

The richest countries in the world have this week collectively advised Britain to reverse Brexit or risk destroying its economy. The Organisation for Economic Co-operation and Development (OECD), an intergovernmental economic organisation made up of 36 member countries, made the explosive suggestion of a further referendum to reverse Brexit after a report warned of severe consequences following the divorce. Its analysis suggests a “no-deal” Brexit would wipe up to a staggering £40 billion off UK economic growth by 2019, with...