Australian analysis of a post-Brexit trade deal with Britain does not look good

Australian analysis of a post-Brexit trade deal with Britain paints a gloomy picture of life outside the European Union. With the UK starting the consultation process for the Australian trade agreement Steve Analyst posted a report that already details what a future deal might look like from an Australian perspective, and it doesn’t look good. Despite promises from Liam Fox to reinvigorate the Commonwealth partnership with a host of trade deals after Brexit a parliamentary enquiry on trade relationship with...

Tory benefit blunder leaves government with £1bn bill

Conservative ministers have today revealed that the number of people affected by the infamous ESA blunder has more than doubled. Last year it emerged that some 70,000 people had been underpaid the Employment and Support Allowance (ESA) for up to 6 years. But now the Department of Work and Pensions says up to 180,000 claimants were victims of the mistake, leaving arrears of £970 million to be paid out by the government just a day after very costly plans to...

Universal Credit has forced women into sex work, MP warns

MP Frank Field has warned that the government’s flagship welfare project is driving women into the sex trade as opposition to Universal Credit continues to mount.   In a nod to I, Daniel Blake he said women in his Birkenhead constituency are taking to the red light district for the first time in order to make ends meet. Speaking in the Commons, the independent MP invited work and pensions secretary Esther McVey to “come to Birkenhead and meet those women’s...

UK pharmaceutical jobs at threat due to crossfire of “ideology & incompetence” over Brexit

After giant AstraZeneca said it will keep its freeze on investments in Britain if Brexit fails to give enough clarity on future trading relations, the Government has been accused of  ‘ideology and incompetence’ putting the industry at risk. AstraZeneca Chairman Leif Johansson reportedly told France’s Le Monde newspaper the company would keep its freeze on manufacturing investments without clarity on future trading relations. GMB, the union for workers at AstraZeneca has warned the Government’s mishandling of Brexit talks is putting...

Households left to pick up tab for shareholder payouts that plunged private water companies into debt

English and Welsh households are paying £53 each a year to service the debts of private water companies that were accumulated after they doled out ridiculously high dividends to shareholders, a London School of Economics report has revealed. Payments on £1.2 billion worth of debt have landed directly on the laps of households according to a study by Karol Yearwood of the LSE. The main beneficiaries of the borrowing policy were shareholders, which received payouts far in excess of any...

Investors’ investment decisions negatively affected by Government’s Brexit failings

As David Davis urges ministers to rebel against the Government's Brexit deal in a defining week of the negotiations with the EU, IW Capital reveals investor sentiment towards the leaving process with less than six months to go until the UK leaves the European Union. Key stats include: Three in ten - 8.7 million - said that securing a good deal with the EU was crucial to them continuing to invest into UK SMEs. 12.6 million – 43% - feel that...

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