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Financial Times @FinancialTimes
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The Bank of England has issued a new warning about the economic damage Brexit could do to the UK — here's what you need to know: ft.com/content/8b4253…
The worst case scenario for Brexit could be more painful than the financial crisis when GDP fell 6.25% ft.com/content/8b4253…
The Bank of England is predicting that the UK crashing out of the EU would be disastrous for house prices ft.com/content/8b4253…
A severe Brexit could also see unemployment almost double from the current rate of 4.1% ft.com/content/8b4253…
The direst Brexit scenario assumes that UK trade would decline sharply as trade barriers are introduced and that the UK would be unable to strike new trade deals until 2023. An increase in inflation could force up interest rates ft.com/content/8b4253…
The Bank of England also said today that the economy could receive a boost if parliament passes Theresa May’s Brexit deal, saying the economy could grow an extra 1.75% more than previously predicted ft.com/content/cc8540…
British lenders today got a good review from the Bank of England too after stress tests showed they would be able to withstand a global recession more severe than a disorderly Brexit — with Nationwide coming out top ft.com/content/5d8c4d…
Senior UK politicians are still calling for a second referendum, with the UK's shadow chancellor John McDonnell saying he believes one is 'inevitable' ft.com/content/c2a362…
Latest: Theresa May has conceded that any form of Brexit would leave the UK worse off — and that her negotiated deal with the EU would only mitigate the economic damage ft.com/content/98cda8…
Here's our full analysis of the UK government forecasts for Brexit that say Britain would ultimately be better off with no Brexit. ft.com/content/136fc2…
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Brussels gives UK a 24-hour Brexit deadline to firm up their position after talks break down. on.ft.com/2yD6mfZ
The UK-EU Brexit negotiations broke down on Sunday when Theresa May said she could not sign up to a backstop plan to avoid a hard border in Ireland. Here's a reminder of why the Irish border is the biggest remaining obstacle to an exit deal: ft.com/content/909026…
There are three possible scenarios a Brexit deal could take. Now a clean deal looks increasingly unlikely, is the UK heading towards a messy deal or a more serious crisis? ft.com/content/0d5c67…
Read 5 tweets
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Thread: Here's a couple of frightening thoughts from our chief economics commentator, and others, on who’s most likely to be made redundant by automation.

1/ Workers on low wages and those with less education are most likely to lose their jobs to robots: on.ft.com/2tzZ0Iz
2/ Even if intelligent machines cannot do every aspect of any given job, they can displace a great many workers: on.ft.com/2tzZ0Iz
3/ Here’s more from Martin Wolf on work in the age of intelligent machines: on.ft.com/2tzZ0Iz
Read 3 tweets
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Thread: Millennial migration is redrawing the map of America on.ft.com/2KmhVgl
1/ Proximity to the traditional centres of finance, tech or industry is less important to the millennial generation than access to an attractive quality of life and a community of like-minded people. Few places tell this story better than Denver on.ft.com/2KmhVgl Francesco Spitaleri and Aliaksandra Spitaleri at the City O' City restaurant in Denver, ColoradoRobert Mitchell at East High School in Denver, ColoradoBrandé Micheau at the Prodigy Coffee shop in Denver, ColoradoCo-Founders of RampUp Jason Ayachi and Morgan O’Malley at the WeWork cowering space in Denver, Colorado
2/ The Colorado capital may not, yet, be the centre of the universe — but its middle-of-the-country location, affordable universities, plentiful jobs and easy access to the Rockies have drawn tens of thousands of millennials in recent years on.ft.com/2KmhVgl
Read 7 tweets

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When all the #Brexit chat is about parliamentary shenanigans it’s easy to forget that these decisions will have real-world impacts, including a potential #nodeal… here’s a quick look at where #nodeal planning currently stands:
1. First the good news: the Government has struck agreements with the USA, Canada and 8 other countries to ensure flights can continue even in the case of no deal (nothing yet on flights to/from/within EU countries though)

gov.uk/government/new…
2. And the Government’s lottery for road haulage permits has opened – so if you’re a haulage company that wants to transport goods across the EU after a #nodeal Brexit, get your application in now for a 5% chance of securing a permit (h/t @RHANews)

gov.uk/guidance/ecmt-…
Read 10 tweets
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Morning campers, I’ll be live tweeting from the UK parliamentary hearing into @Facebook, misinformation and fake news today. Here’s what you need to know:
Lawmakers from nine countries are here in London to gripe about why Zuckerberg didn’t show up to speak to them. Expect a lot of that, plus Richard Allan, FB’s VP of “policy solutions,” to do a lot of apologizing
Nominally, this hearing is tied to @DamianCollins’ ongoing “fake news” investigation, which has led UK officials traveling to the US for hearings (on taxpayers £). But to be clear, they have no power to actually legislate
Read 43 tweets
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Brexit Irony No.521:
Brexit would make Metropolitan Elitism worse-

The Brexit vote was against our London-centric system. So if there's an economic hit because of a Brexit London voted against, Westminster would make sure the London Banking sector survived but everywhere else...
Many of the problems that pushed people to vote Brexit had nothing to do with the EU. One of those problems was the government choosing to protect the banks who caused the crash with bailouts while ordinary people just got austerity.
The rich took irresponsible risks with the country's future, but they were protected either by moving their money away or by the government and it was those with least who suffered the most.
Sound familiar? #Brexit
Read 5 tweets
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@phoenix_de @guyverhofstadt Die Bürgerrechte der @The3Million sowie @BritishInEurope finden trotz allem zu wenig Gewichtung! Die EU hat nur dann eine Zukunft, wenn sie sich weniger von Lobbygruppen&mächtigen Wirtschaftsunternehmen leiten lässt&ein Bürgerparlament installiert,das mit entscheidet&konrolliert!
@phoenix_de @guyverhofstadt @The3Million @BritishInEurope @Eu27K @julienfouchet1 @inthebrickhouse @fairvoteuk @Lawyers4EU @UKEUchallenge @voiceseurope @AndrewAtter @julie4nw Another problem,UK democracy is hijacked by populists.@guyverhofstadt“Europe has a 5th column in its ranks:Putin's cheerleaders who want to destroy Europe&liberal democracy:LePen,Wilders..use Kremlin money&intelligence. Farage's friend Banks colluded with Russia 2deliver #Brexit
@phoenix_de @guyverhofstadt @The3Million @BritishInEurope @Eu27K @julienfouchet1 @inthebrickhouse @fairvoteuk @Lawyers4EU @UKEUchallenge @voiceseurope @AndrewAtter @julie4nw @julienfouchet1 “Our pan-European movement @Eu27K wants to mobilise people in all of the 27 states so that people understand why the UK is leaving the EU–they don’t know in the memberstates that this Brexit is illegal.We aim 2 create a support committee in each of the 27 states.“
Read 51 tweets
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#Brexit 1
Cadbury moved factory 2 Poland 2011 with EU grant.
Ford Transit moved 2Turkey 2013 with EU grant.
Jaguar Land Rover recently agreed 2 build a new plant in Slovakia with EU grant, owned by Tata, same company who trashed our steel industry & emptied workers pension funds.
#Brexit 2
Peugeot closed its Ryton (was Rootes Group) plant and moved production to Slovakia with EU grant.
British Army's new Ajax fighting vehicles to be built in SPAIN using SWEDISH steel at the request of the EU to support jobs in Spain with EU grant, rather than Wales.
#Brexit 3
Dyson gone 2 Malaysia, with EU loan. Crown Closures, Bournemouth (Was METAL BOX), gone 2Poland with EU grant,employed 1,200.
M&S manufacturing gone 2far east with EU loan.
Hornby models gone. In fact all toys & models gone from UK along with patents all with EU grants
Read 28 tweets
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1. Worst national leadership in my lifetime forcing through the most damaging, misguided & missold policy I can remember. Ideology & vested self interest replace statesmanship, soundbites replace sound judgement & autocracy subverts democracy.
#Brexit harms us irreparably #FBPE
2. A flawed Leave campaign based on lies, deceit, disingenuity & over simplification & a #Remain one fought w/o any positivity from the Govt & no real commitment from Labour, whose leader was virtually AWOL, did no justice to #Brexit complexity & betrayed our democratic process.
3. A mere 37% of voters/26.5% of the Ppl voted leave in a legally Non-Binding test of public opinion which has been corrupted, on the basis of an illegitimate political promise & interpreted as being the irrefutable Will of the Ppl.
The 1st is insufficient to claim the latter!
Read 39 tweets

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#Brexit #FinalSay #WindrushGeneration #OPCW #SadiqKhan #RegulateSocialMedia #WhitenessIsDestructive #England #WhileWhite #brexit #ProtectMcFaul #ControlledOppo #ThePatriotTimes #BrexitDay #EUref #Nix #CustomsUnion #fisheries #MFF #GDPR #Salisbury #BelgiumJokes #notinmynametheresamay #Schengen #Russian

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