Economics Editor of @SkyNews, columnist at @TheTimes. I like writing books http://t.co/F2U0D47Uqq and listening to obscure dance music https://t.co/JSQZGqe5jf

Hammond: Global Economy Faces Brexit 'Shadow'

news.sky.com — The world economy will be darkened by a two-year Brexit "shadow", Philip Hammond has told Sky News. Speaking on the fringes of the G20 finance ministers' meeting in Chengdu - his first overseas visit as Chancellor - Mr Hammond acknowledged the decision to leave the EU would "hang over the world economy" until at least 2018.

IMF: Brexit May Not Mean A British Recession

news.sky.com — Britain need not suffer a recession if it leaves the European Union, the International Monetary Fund has said in its assessment of the risks around the referendum. The Fund said that the UK economy would be comparatively weaker if it left the EU but under its "limited" scenario - in which Britain stayed in the European Economic Area, the group that includes Norway - growth would slip from 2.2% to 1.4% next year.

The elephant (not) in the room

edmundconway.com — At the time of the Bank of England's interest rate decision, no-one in the room knew who was going to be Britain's new Chancellor. This might seem like an odd thing to mention, given right now the main story people will be obsessing with is the element of shock - that the Monetary Policy Committee decided not to cut rates.

Interest Rates Kept On Hold By Bank At 0.5%

news.sky.com — The Bank of England has surprised many economists by maintaining interest rates despite pressure for a cut to stimulate UK growth.

Consumer Confidence In Biggest Fall Since '94

news.sky.com — Levels of consumer confidence in Britain have fallen at the fastest rate in more than two decades - the first statistical evidence from a major body that the EU referendum vote has had an impact on the economy. The confidence barometer from research group GfK dropped from -1 points to -9 between June and the week following the poll.

Two hours… - The Real Economy

edmundconway.com — That was how long the Chancellor's message of reassurance to market investors lasted today. George Osborne resurfaced at the Treasury just after 7am to tell investors that the UK economy remains strong, to assure them and households that he would take all necessary contingency plans to deal with the instability following the Brexit vote.

Further thoughts on the EU referendum result

edmundconway.com — The problem is not our relationship with the European Union. That can be resolved in the coming years and, who knows, might turn into something more functional than the incoherent muddle it has become in the wake of the euro crisis.

Investors Terrified At Chaos Created By Brexit

news.sky.com — This much we know: today is already one of the most extraordinary and volatile days in UK economic history. For the time being, leave aside, if you can, all your questions about the future of the United Kingdom, about the fate of the government, even about whether Britain will be better off outside the European Union.

What the… - The Real Economy

edmundconway.com — Here are some initial stream-of-consciousness thoughts. Apologies if they're a bit incoherent. This much we know: today is already one of the most extraordinary and volatile days in UK economic history. For the time being, leave aside, if you can, all your questions about the future of the United Kingdom, about the fate of the government, even about whether Britain will be better off outside the European Union.

IMF: Brexit May Not Mean A British Recession

news.sky.com — Britain need not suffer a recession if it leaves the European Union, the International Monetary Fund has said in its assessment of the risks around the referendum. The Fund said that the UK economy would be comparatively weaker if it left the EU but under its "limited" scenario - in which Britain stayed in the European Economic Area, the group that includes Norway - growth would slip from 2.2% to 1.4% next year.
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Jul 27, 2016

Or to put it another way, these releases won’t tell you as much about the post-referendum economy as u might assume  https://twitter.com/ONS/status/758343757901230080 

Jul 27, 2016

Useful chart from Capital Economics underlines that basically all the net GDP growth in Q2 happened in April https://t.co/sJDwgjQQoQ

Jul 27, 2016

Chancellor @PHammondMP announces £344m expansion of London City Airport. I'll be talking to him abt GDP numbers soon https://t.co/BaDiYgWMsd

Jul 24, 2016

@bake_down as did the US trade representative. But this is the first time a UK govt minister has posited something like that

Jul 24, 2016

Exclusive: Chancellor says UK may piggyback on other countries’ trade deals (TPP TTIP etc) - not just forge new ones  http://news.sky.com/story/could-uk-piggyback-on-us-pacific-trade-deal-10511520?dcmp=snt-sf-twitter 

Jul 24, 2016

@sdonnan @ADeckers_EC this is all true. But joining TPP (or TTIP if it ever happened) surely quicker than signing our own major bilats?

Jul 24, 2016

@ADeckers_EC @sdonnan point of story is less abt TPP than principle UK may piggyback existing deals. So far, talk has been mostly abt bilats

Jul 24, 2016

@sdonnan yes. Oops. Should have written US-Asia. China only a potential signatory. But point is it’s not just about bilats

Jul 24, 2016

Britain may consider signing up to TPP - the US-China trade deal. Intriguing suggestion from @PHammondMP at G20  http://news.sky.com/story/could-uk-piggyback-on-us-china-trade-deal-10511520 


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