‘Substantial costs’ to UK economy if no deal agreed on Brexit, warns IMF

The IMF had a stark warning to the UK ahead of the final Brexit negotiations. They said that a no-deal Brexit would inflict “substantial costs” to the UK economy. The IMF expects Britain's economy to grow by 1.5% in both 2018 and 2019 if a broad Brexit agreement is struck. However, any Brexit would “entail costs,” but a no deal scenario would be a “significantly worse outcome.” Christine Lagarde, the IMF's managing director, told a news conference in London: "Those...

4.5 million UK children are living in poverty

A shocking new study has discovered that over 14 million people, 4.5 million of them children, and living in poverty. The investigation also discovered that 12% of the total UK population is in “persistent” poverty, having spent all or most of the last four years below the breadline. The statistics, by Social Metrics Commission, have been gathered from a new measure to calculate social disadvantage. The commission includes experts from academia, and from organisations such as the Joseph Rowntree Foundation,...

Economy is slowing to a “snail’s pace” due to Brexit

Economists at the British Chambers of Commerce (BCC) say growth will slow to 1.1 per cent this year. The influential business lobby group is also highly concerned of the impact of a no-deal Brexit. Shockingly, this would be the slowest rate of growth since the global financial crisis of 2009. The previous prediction was 1.3 per cent, still a sluggish growth rate for the UK economy. Adam Marshall, the group’s director general, said the UK economy is slowing to a...

“In face of austerity Sadiq has worked tirelessly to support Londoners,” Khan backed for 2020 Mayoral bid

GMB, Britain’s general union, today announced its backing for Sadiq Khan’s to continue as the Labour Party’s Mayoral candidate in the upcoming 2020 London contest. Paul Maloney, GMB Southern Regional Secretary said: “In the face of savage austerity and a Tory Government, Sadiq has worked tirelessly as Mayor to support Londoners. “By investing in social and council housing, freezing transport fares and with record City Hall investment in the Met police to tackle gun and knife crime, Sadiq has shown...

Councils have spent an insane amount of money on 220,000 redundancies since 2010

Data obtained by the LGC (Local Government Chronicle) has found that a staggering £4bn has been spent since 2010, reports The Local Government Chronicle. This shocking figure shows how much local government has been damaged by austerity, and at such a high cost to tax payers. The LGC data, which covers 2010-11 to 2017-18, came from Freedom of Information requests. Shockingly David Paine, a LGC journalist , who carried out the research, said the figures did not reflect large pay-offs...

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