People and power before and after Brexit
By Andonis Vassiliades ‘The flaw in the pluralist heaven is that the heavenly chorus sings with a strong upper-class accent’ (Elmer Eric Schattschneider, The Semisovereign...
UK economy
Breaking with Conservative past, May proffers her new vision for Britain
Prime Minister Theresa May laid out her vision for post-Brexit Britain on Wednesday, calling for a new approach to government that serves working-class people who...
Sterling falls below $1.27 for first time since 1985
Britain’s pound dipped below $1.27 for the first time since June 1985 on Wednesday, with fears of a ‘hard’ Brexit also pushing the currency to...
Sterling hits 31-year low, dollar strengthens broadly
Sterling slid to its weakest level in more than three decades against a dollar that was trading stronger across the board on Tuesday, hit by...
Brexit helps push central London house prices to biggest fall since 2009
Britain’s vote to quit the European Union helped push down house prices in London’s most expensive areas at their fastest rate in nearly seven years,...
UK economy picks up speed in Q2, helped surge in industrial output
Britain’s economy picked up during a second quarter that concluded with the vote to leave the European Union, helped by the biggest upturn in industrial...
Brexit rewrites UK budget rules as borrowing set for first big rise since 2010
Britain could borrow nearly 65 billion pounds ($85 billion) more than planned in the next couple of years as new finance minister Philip Hammond seeks...
May builds new-look Brexit cabinet to steer EU divorce
New Prime Minister Theresa May ruthlessly overhauled the British cabinet on Thursday, sacking a raft of ministers, promoting loyalists and putting supporters of Britain’s exit...
Sterling trims gains, shares rise as Bank of England signals August cut
Sterling slid off a two-week high on Thursday and British share prices rose modestly on expectations that the Bank of England would ease monetary policy...
Brexit woes drag Britain’s pound to 31-year low (Updated)
The pound tumbled to a new 31-year low on Wednesday, at one point dipping below $1.28, on fears over the effect of last month’s Brexit...
Bank of England eases rules for banks to meet Brexit challenge
The Bank of England took steps on Tuesday to ensure British banks keep lending and insurers do not dump corporate bonds in the “challenging” period...
Sterling skids to new 31-year low on Brexit fallout worries
Sterling hit a fresh 31-year low against the dollar in risk-averse markets on Tuesday, as investors worried about the economic and financial fallout of Britain’s...
Osborne drops 2020 budget surplus target after Brexit vote
British finance minister George Osborne said on Friday he was no longer sticking to his centrepiece policy of turning the country’s budget deficit into a...
Brexit vote sends new shocks through financial markets, political chaos deepens (Update 5)
By Kylie MacLellan and Anirban Nag Britain’s vote to leave the European Union sent new shockwaves through financial markets, with the pound falling despite the...
Brisk UK economic growth seen in 2014 fuelled by spending, house market
Britain’s economy will grow next year at the fastest pace since 2007, but economists polled by Reuters say the recovery is reliant on household spending...