The political turmoil in the UK following the referendum on future membership of the European Union in 2016 provides a natural experiment for studying the effects of political uncertainty on the economy. We find that the subsequent confusion and infighting in British politics has not affected the ...
According to Umberto Triulzi, professor of Economic Policy at the University La Sapienza in Rome, it is difficult now to make predictions on the effects of Brexit on the Italian economy. The only thing certain, in his opinion, is the budget issue. "What is certain, so far, is that Brita...
The future of the UK economy is also not under a cloud, according to Sked. Some experts had predicted the UK economy would fall into recession after a vote for Brexit, but that has not happened.GDPgrowth was 0.3 percent quarter on quarter in Q2 this year, below trend and sluggish but n...
as London’s version of Wall Street is known, has grown to rival New York in importance, in part because of its status as a gateway to the rest of Europe. Losing that status could take a major toll on the British economy, which has become heavily dependent on ...
Companies are putting investments on hold, and warning of lower profits. Chancellor of the Exchequer George Osborne said Mondaythe economy and government finances will suffer, but an emergency budget won't happen until a new prime minister is chosen in October. ...
It’s official: The British government’s plan for leaving the European Union will be bad for the economy. The government published a report Wednesday that outlines the economic costs associated with a range of Brexit scenarios. The Bank of England followed later in the day with its own asse...
Editor: Karen Smith Received: 6 February 2017; Accepted: 13 April 2017; Published: 17 April 2017 Abstract: Often trumpeted as a bastion of modern economic and political integration, the European Union (EU) has played an integral role in the development of the United Kingdom's (UK) economy...
economy. This prevented a no-deal Brexit, which would have been significantly damaging to the U.K. economy. A provisional agreement was approved by the U.K. parliament on Jan. 1, 2021. It was approved by the European Parliament on April 28, 2021. While the deal, known as the Trade ...
Whereas the United States is really emerging again as a stronger economy. Mexico, linked to the US, benefiting from that. So it's a period of intense reshuffling. Related video: Brexit—What It Means for the Global Economy Read the Bain Brief: The Potential Impacts of Brexit on the Global...
Brexit negotiations have been continuing in the background as Europe battles with the COVID-19 pandemic, and the end of June marks yet another critical deadline. If 30 June passes without the UK asking for an extension, a trade deal will have to be done by the end of ...