Chief economist of Bank of England admits errors
Andrew Haldane says field's narrow models ignored 'irrational behaviour' The Bank of England's chief economist has admitted his profession is in a crisis having failed to foresee the 2008 financial crash and having misjudged the impact of the Brexit vote. Andrew Haldane, said it was "a fair cop" referring to ...
Phillip Inman / Guardian | Thu, 5 Jan 2017 20:52:01
Brexit ministry's top official opposed Barrow's role
Olly Robbins wanted to take back control over EU negotiations
FT | Thu, 5 Jan 2017 18:13:32
The Brief from Brussels: Norway worries over Brexit
This is the Brief from Brussels, a roundup of the top stories from across Europe.
euronews | Thu, 5 Jan 2017 18:08:29
UK finance minister Philip Hammond in UAE to gauge mood for post-Brexit trade deals
The British Chancellor of the Exchequer says the UK's trade relations with its traditional partners will be more important, and provide more opportunities, after Brexit
The National | Thu, 5 Jan 2017 14:29:00
Norway Fearing Very Hard Brexit
Britain lacks experience in international negotiations due to its long membership of the European Union and this can slow talks, the prime minister of non-EU Norway told Reuters, adding that she feared "a very hard Brexit". British Prime Minister Theresa May intends to launch by the end of March the ...
OANDA | Thu, 5 Jan 2017 14:00:58
Norway frets over 'very hard' Brexit
Britain lacks experience in international negotiations, according to Norway's Prime Minister, which means it could complicate its Brexit talks.
euronews | Thu, 5 Jan 2017 14:00:28
UK finance minister Philip Hammond in UAE to gauge post-Brexit trade deals
The British Chancellor of the Exchequer says the UK's trade relations with its traditional partners will be more important, and provide more opportunities, after Brexit
The National | Thu, 5 Jan 2017 13:55:10
Economics profession 'in crisis', says Bank of England's chief economist - Politics live
Rolling coverage of the day's political developments as they happen 1.51pm GMT Haldane is taking questions now. Q: What scope do you see for more assertive policies to alter the distribution of wealth? 1.40pm GMT Andy Haldane, the chief economist at the Bank of England, is speaking at the Institute ...
Andrew Sparrow / Guardian | Thu, 5 Jan 2017 13:51:01
Brexit frees the UK to work with China, Hong Kong to promote free trade, says Fox
Brexit will enable Britain to work with China and Hong Kong to promote global free trade as it will have more freedom to set its own trade rules, according to the UK's trade minister. Liam Fox, Secretary of State for International Trade, said that the British people's vote to leave ...
Enoch Yiu / South China Morning Post | Thu, 5 Jan 2017 12:42:08
Top London property prices 'pushed down by taxes and Brexit vote'
Here Is The City | Thu, 5 Jan 2017 11:52:57
Brexit? What Brexit Economic Shock? UK Services PMI at 17 Month High
Some of us do indeed recall the predictions of economic terror that would be visited upon us if we had the temerity to vote for Brexit. Absolutely none of which seems to have happened--rather the reverse in fact, the UK economy seems to have stepped up a gear in growth. ...
Tim Worstall, Contributor / Forbes | Thu, 5 Jan 2017 11:29:00
Top London property prices 'pushed down by taxes and Brexit vote'
Savills says high-end sellers in capital have adjusted prices - but Persimmon reports healthy demand for less expensive homes Higher taxes and jitters over the EU referendum pushed down high-end London property prices last year as sellers accepted more offers, according to upmarket estate agent Savills. But while owners of ...
Rob Davies / Guardian | Thu, 5 Jan 2017 11:24:11
UK service sector surge highlights strong economic momentum - ING
According to the James Knightley, Senior Economist at ING, business surveys suggest the UK economy had a strong end to the year however, Brexit worrie
Sandeep Kanihama / FX Street | Thu, 5 Jan 2017 10:59:34
Brexit, what Brexit? The British economy is 'exceeding all expectations' post-Brexit
Every single sector of the British economy is now doing better than expected and has defied the forecasts of economists in December, according to the latest services PMI data from IHS Markit on Thursday. It completes a trilogy of much better than expected post-Brexit economic figures released this week, following ...
Business Insider | Thu, 5 Jan 2017 09:35:37
Persimmon reports strong demand post Brexit vote
UK housebuilder says forward sales are 12 per cent ahead of last year
FT | Thu, 5 Jan 2017 09:16:16
UK economy ends 2016 on high - but rising import prices starting to bite
The fall in sterling following the Brexit vote helped British business shake off a period of uncertainty to end 2016 on a high note as companies reported increases in export sales and orders.
Here Is The City | Thu, 5 Jan 2017 06:30:23
British car industry body warns of sales downturn as uncertainty kicks in
The British car industry has warned of a sales downturn this year as the economic uncertainty that followed the Brexit vote kicks in.
Here Is The City | Thu, 5 Jan 2017 06:05:11
Tim Barrow named UK envoy to EU ahead of Brexit talks
The unexpected resignation of Ivan Rogers came just weeks before the Brexit negotiations were to start.
Al Jazeera | Thu, 5 Jan 2017 05:23:57
Food exports to China key part in Britain's post-Brexit era: minister
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People's Daily | Thu, 5 Jan 2017 05:15:54
British car industry body warns of sales downturn as uncertainty kicks in
Hopes that Brexit vote would prompt patriotic desire to buy British cars appear to have been dashed, SMMT chief says The British car industry has warned of a sales downturn this year as the economic uncertainty that followed the Brexit vote kicks in. A fifth consecutive year of growth saw ...
Gwyn Topham Transport correspondent / Guardian | Thu, 5 Jan 2017 00:01:34
Theresa May's New Year Challenge: Resetting Brexit Expectations
Faced with the accusation that her government lacks a clear Brexit plan, the British leader's much-awaited statements on her strategy take on even greater significance: Get the tone wrong, and the risk of a disorderly exit rises, Simon Nixon writes.
WSJ | Wed, 4 Jan 2017 21:56:51
Brexit experts, admit your errors and carry on
Economists are absolutely justified in sticking to pre-referendum views on leaving EU
FT | Wed, 4 Jan 2017 17:56:10
Connecting the Dots - 1/4/17
No rest for the weary - or the wicked, as the New Year gets quickly to the point with a few key economic data plots this week. Coming through last quarter, the data extended a decisively more upbeat turn that became apparent last summer shortly after Britain's Brexit vote failed ...
Market Anthropology | Wed, 4 Jan 2017 17:19:00
New EU ambassador: a supercharged decision for Theresa May
Will Rogers be replaced with an official or a politician to take on Brexit with gusto?
FT | Wed, 4 Jan 2017 17:12:14
Why Brexit talks just got harder for the UK
The departure of Ivan Rogers presents Prime Minister Theresa May with a dramatic new complication ahead of the start of Brexit negotiations early this year.
CNN | Wed, 4 Jan 2017 14:25:24
Why Brexit talks just got much harder for the UK
The departure of Ivan Rogers presents Prime Minister Theresa May with a dramatic new complication ahead of the start of Brexit negotiations early this year.
CNN | Wed, 4 Jan 2017 14:19:59
Why Brexit talks just got much harder
CNN | Wed, 4 Jan 2017 14:19:40
Ivan Rogers and the great British Brexit pantomime
Shutterstock The spectrum of responses to the news that Ivan Rogers had resigned as the UK's permanent representative to the EU neatly represents the political climate in Britain since the EU referendum. Nigel Farage welcomed his departure while Nick Clegg called Rogers' loss a "spectacular own goal" on the part ...
Richard Whitman, Director of the Global Europe Centre, University of Kent and Senior Visiting Fellow, Chatham House, University of Kent / The Conversation | Wed, 4 Jan 2017 12:41:15
Britain's EU ambassador quits before Brexit trigger
The United Kingdom's ambassador to the European Union resigned on Jan. 3, adding uncertainty to the Brexit process less than three months before the U.K. is due to trigger its departure negotiations.
Hurriyet | Wed, 4 Jan 2017 12:35:11
Sir Ivan Rogers could no longer be trusted, Iain Duncan Smith says as he accuses EU envoy of leaking Brexit details
Michael Wilkinson / Telegraph | Wed, 4 Jan 2017 11:36:46