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British Economy

U.K. Economy's Brexit Honeymoon Is Officially Over

Anthony Scaramucci | Posted 08.17.2016 | Business
Anthony Scaramucci

The British economy had one last hurrah in Q2 before the adverse effects of Brexit were expected to rear their ugly head. This week those fears became reality.

New Statistics Show Climbing British Inflation Post-Brexit

Quartz | Jesselyn Cook | Posted 08.17.2016 | World

After the UK voted to leave the European Union in June, the pound promptly had its worst day in history against other major currencies. (Yes, ever.) A...

Paul Krugman: 'Yes, Brexit Will Make Britain Poorer'

The Huffington Post | Alexander C. Kaufman | Posted 06.24.2016 | Business

Paul Krugman is "less horrified" by the British voting to quit the European Union than he had expected, but things are still dire. In a blog post publ...

What is the Impact of Brexit on the British Pound & UK Economy

Toby Nwazor | Posted 05.25.2016 | World
Toby Nwazor

Credit Last week, the British Pound hit a three month high against a basket of its major currency rivals, following a poll that showed the 'Bremain I...

How a Brexit Would Give Ammunition to the Trumps of the World

Alain Elkann | Posted 05.23.2016 | World
Alain Elkann

LONDON -- "If Britain leaves, it would be like an earthquake for the EU, and it would give ammunition to populist parties."

Why Leaving the EU Will Likely Make Britain Poorer

Stephen Peel | Posted 03.09.2017 | World
Stephen Peel

HONG KONG -- Britain's Achilles' heel is its small size. We don't have the large domestic market that technology companies need to support investments in R&D and capture the scale benefits of networks. It is why too many British-founded technology companies sell out early to U.S. companies or are re-domiciled to Boston or Palo Alto by U.S. venture capitalists.

Billboards Reflect Push To Prioritize Affordable Housing In London

The Huffington Post | Robbie Couch | Posted 04.02.2015 | Impact

Living in London is getting more and more expensive, and those most affected by the increasing costs are raising their voices for the whole city to he...

Britain Adrift

Frances G. Burwell | Posted 09.30.2012 | World
Frances G. Burwell

The country most at risk in the eurozone economic crisis is not Spain, Italy, or even Greece, but Britain.

A Pivotal Period in Britain's History

Sir Peter Westmacott | Posted 04.03.2012 | World
Sir Peter Westmacott

Few would deny that Margaret Thatcher brought the United States and United Kingdom closer together. As I begin my tenure as British Ambassador to Washington, I look forward to playing my own small part in keeping that relationship in the best possible repair.

Sunday Roundup

Arianna Huffington | Posted 05.26.2011 | World
Arianna Huffington

I was in London this week, where the news was filled with images of Finance Minister George Osborne pausing outside 11 Downing Street with a replica of the red "budget box" that has been used to carry budget papers for the last 150 years. Inside the box: a new budget calling for the slashing of government programs and an embrace of massive debt reduction -- even while the British economy continues to sputter. The next morning, in an editorial meeting at the Guardian, I listened as story angles were discussed: economic growth is slower than expected; unemployment remains higher than expected; the deficit will be higher than expected. I had a real feeling of déjà vu from across the Atlantic, and I thought I might send over some of America's headlines from last year and save them the time and aggravation of coming up with new ones. Isn't it time for governments to expect their expectations to be wrong?

England's Slowing Economy Could Lead To Downgrade

Posted 05.25.2011 | Business

(Reuters) - Britain's triple-A sovereign debt rating could be at risk if slower economic growth makes it harder for the government to rein in its budg...

Kiss the Royal Navy Goodbye: UK Economic Crisis Sinks the Fleet

Sheldon Filger | Posted 05.25.2011 | World
Sheldon Filger

Ever since the defeat of the of the Spanish Armada in 1588 by Francis Drake, it has been the Royal Navy that has been the most reliable deterrent to aggression in the defense of Britain.

BBC Generates $12.3 BILLION For British Government: Report

The Guardian | James Robinson and Robert Booth | Posted 05.25.2011 | Media

The BBC is to launch a fightback against its critics by claiming that, far from being a drain on the licence feepayer and squandering millions on on-s...

Will British Royal Wedding Pull Nation Out Of Malaise?

Global Post | Michael Moran | Posted 05.25.2011 | World

NEW YORK -- Britain's old malaise, the creeping national crisis of confidence and purpose that has afflicted the country once in every generation sinc...

Bank Of England Slashes Interest Rates To Record Low 1%

The Independent | Posted 05.25.2011 | World

The Bank of England sent interest rates tumbling further to a new historic low of 1% today. Rate-setters cut borrowing costs from 1.5% - the lowest...