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...

London no longer the world’s number one financial centre & Brexit is a factor

The latest Z/Yen Global Financial Centres Index showed New York overtaking the UK's capital for the first time since 2015. The City think tank said there was evidence London had been knocked, but only slightly, by uncertainty over Brexit. However, it doesn’t make great reading to see London knocked off its perch as we approach the potential stormy waters of Post-Brexit Britian. Zurich, Frankfurt, Amsterdam, Vienna, and Milan moved up the rankings significantly. The study reported: "These centres may be...

“Flights to and from Europe will be stopped in a hard deal Brexit,” says Ryanair boss

Michael O’Leary, the boss of Europe’s biggest low-cost airline had some stark warning over a no-deal Brexit He said “Flights to and from Europe will be stopped in a hard deal Brexit,” the Irishman told a news conference. “There is no assurance.” However, he added: “I don’t believe that a no-flight scenario will last for more than a couple of days or a couple of weeks; because I think politically, it is unassailable.” O’Leary said that the negotiations are “running...

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