UK must prepare for a ‘low growth economy’ as Brexit uncertainty plagues business investment UK must prepare for a ‘low growth economy’ over Brexit uncertainty Investment in British business is set to suffer in 2019 as prolonged uncertainty surrounding Brexit tightens its grip on the willingness to commit to major projects, a leading forecaster has said. EY’s Item Club, which uses the Treasury’s model of the UK economy, says that business investment will contract 1.6 per cent – a decline [...]
Justice secretary: MPs can find way to prevent no-deal Justice secretary David Gauke has said he would resign from his post if the next prime minister chooses to pursue a no-deal Brexit. His comments come as Labour announced it will call a no confidence vote in the government when it believes enough Tory MPs will support it. Gauke also told the BBC that he believed [...]
Brent crude soars after Gulf of Oman tanker attack City Talk An attack on two oil tankers in the Gulf of Oman sent crude prices up on Thursday, putting the industry at the core of rising tensions in the region. As the US Navy said it was assisting the tankers in waters close to the Strait of Hormuz, Brent crude surged as much as 4.5 per [...]
