Brexit means Brexit is the slogan of Theresa May’s new government, but more than a month after the seismic decision to leave the EU, no one knows what Brexit means. Only one thing is sure – unpicking Britain’s membership will be a monumental task requiring years of arduous and painstaking ... Read More »
As head of the Vote Leave campaign, one of the most enjoyable events I did during Britain’s EU referendum campaign was a lunch with Roland Rudd from the Stronger In side. Rather than debating the UK’s membership of the EU, we agreed to brief senior executives on why we thought ... Read More »
Britain could leave the European Union towards the end of 2019, instead of early that year as expected by some politicians, reported the Sunday Times citing sources who have been briefed by ministers that Brexit departments were not ready. The UK voted to leave the EU on June 23, but ... Read More »
Economy The Bank of England has cut interest rates from 0.5% to a record low of 0.25%amid uncertainty over the Brexit process and worries about productivity and economic growth. It’s the first cut since 2009. The Bank has also announced a range of measures to stimulate the economy and made ... Read More »
Sales of prime London real estate jumped 38 percent in the week after the U.K. voted to leave the European Union, as a slide in the British pound attracted bargain hunters seeking a rare opportunity to buy the city’s property at a discount. The number of residential real estate sales ... Read More »
Britain’s second-biggest estate agent has warned annual profits will be well below expectations, blaming uncertainty in the property market caused by the vote to leave the EU. In an unscheduled trading update, LSL Property Services, whose brands include Your Move and Marsh & Parsons, said business slowed in the run-up ... Read More »
Britain is paying the price for a high level of inequality and a chronic lack of investment in education which have prompted a disillusioned population to vote to leave the European Union, Credit Suisse Chief Executive Tidjane Thiam said on Sunday. Britain voted in a referendum on June 23 to ... Read More »
U.K. real estate is beginning to shake from the Brexit earthquake. Investors are pulling money out of commercial property, and shares in housebuilding companies are falling fast. Three big asset management firms have halted trading in real estate investment funds in the last 24 hours, the latest sign of turmoil ... Read More »
During the second world war, my late father-in-law was conscripted into the army and forced to fight for Nazi Germany. My mother was a young girl in London, running to air raid shelters and seeing local streets destroyed by the blitz. A first meeting of the in-laws might have been ... Read More »
Oil prices settled down more than 1 percent on Wednesday after a smaller-than-expected U.S. inventory drawdown and amid jitters ahead of a vote on whether Britain should stay in the European Union. Crude futures rose early in the day, before the U.S. Energy Information Administration (EIA) reported a stockpile decline ... Read More »
British home prices will plummet if the United Kingdom votes to leave the European Union this week, billionaire investor Wilbur Ross said Tuesday. The bulk of WL Ross & Co.’s business in the U.K. is in mortgage lending. Ross sees a home price collapse hitting older Britons particularly hard. Older ... Read More »
What would happen to the UK’s science and technology industries if the country votes to leave the EU? :: Scientific Funding Scientists in the UK received €8.8bn (£6.8bn) in research funding from the EU from 2007-2013, according to the Royal Society – more than the €5.4bn (£4.1bn) we contributed over ... Read More »
