Britain will need to address and charter a course for improving its relationship with the world’s largest trading block before it can deal with the aftershock of its historic decision. As per Britain’s independent budget regulator, the publication of next… Read More ›
Economy & Finance
JP Morgan expects Scotland to have independent currency by 2019
Before Britain triggers Article 50, it needs to factor in the cost and long and near term implications of its decision. As a fallout of Britain’s historic decision to leave the European Union, JP Morgan has disclosed that it expects… Read More ›
Depreciating pound could result in influx of tourists to Britain
Britain which chose to leave EU due to immigrants will now potentially have to deal with an influx of tourists. Unfortunately, with increased tourism comes illegal immigrants. Although Brexit’s seismic shocks have sent massive shock waves in the collective spine… Read More ›
Privileges come with responsibilities, states Angela Merkel to Britain
It would perhaps be wrong for Britain to think that this tough posturing will pass during upcoming negotiations. German’s chancellor Angela Merkel has made it crystal clear to Britain that it will not be allowed to cherry-pick the parts of… Read More ›
Brexit not a Lehman moment – Goldman Sachs
Tough stress tests created by the U.S. Federal Reserve offers some comfort to stressed investors. The stress tests which were created by U.S. regulators in the wake of the 2008 financial crisis could prove their worth in the wake of… Read More ›
British markets continue to tumble following Brexit
Shares of precious metal mining companies have however extended their previous week’s upward trend. In the wake of Britain’s historic referendum which has created seismic shocks for economies around the world, share prices in Britain have tumbled even lower thus… Read More ›
Access to EU’s single market, ala Swiss Swiss Style isn’t automatic – French Foreign Minister
Before the negotiations begin, the British need to be clear what they want and who will represent the country in its talk with the EU. Jean-Marc Ayrault, France’s Foreign Minister has stated that Britain needs to decide who will represent… Read More ›
New Bank’s Greater Understanding of Developing World Backed by China
Since the Asian Infrastructure Investment Bank (AIIB) has a greater understanding of the developing world’s needs, this China-led bank will be different from institutions like the World Bank. This confidence filled message was conveyed by the officials of the bank… Read More ›
Goldman Sachs downgrades global growth forecasts, says UK Recession Likely in 2017
Goldman Sachs economists wrote in a report released Sunday that following its vote leave the European Union (EU), the U.K. is likely to enter a “mild recession” by early 2017. The global growth forecast was also downgraded by 0.1 percentage point… Read More ›
Boris Johnson sees UK accessing EU single market while maintaining its own immigration and trade policy
Although Boris Johnson has waged a strong battle for an independent Britain, before Brexit happened, no plans have been outlaid as to how to mitigate the aftershocks and move ahead as an independent nation. With Scotland preferring to remain with… Read More ›