Bank of England cut growth forecast

Brexit negotiations initially got off to a shaky start as it seemed that British cabinet ministers were unable to reach an agreement on the best course of actions and the government also seemed at war with itself over the divorce terms.

Brexit deal in tatters

The ongoing and tense negotiations have led to a broad agreement by the UK to a gross financial settlement of £89bn on leaving the bloc, although the British expect the final net bill to be half as much. The news brings the two sides close to agreement on a key obstacle to opening talks on a future free trade pact.

George Osbourne made a speech in Shanghai proclaiming that he wanted to create a link in the UK’s and China’s stock markets. He announced a "landmark feasibility study" into the idea, which would enable Chinese and British shares to be traded...

The main headline this week was the news that Alexis Tsipras is set to return to power in Greece following another emphatic election victory, securing a new mandate after he yielded to the demands of European leaders for more austerity in the...

The European commission reports that Greece has reached a technical agreement with its creditors which now requires parliamentary approval.  The Greek government is now looking to put a Euro 85 billion (£60 billion) three year agreement through...

Unemployment in the eurozone is neither improving nor getting worse, despite hopes that the latest figures would show a further drop in the jobless rate. The unemployment rate stayed at 11.1 per cent in June from the same level the previous...

Last week we saw the Bank of England’s policy vote with all nine Bank of England policymakers voting to hold interest rates at 0.5% in July. There was however signs some Monetary Policy Committee members are edging closer to backing a rate rise....



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