Worsening public finances give next PM a sharp ‘reality check’

Highest June deficit for four years shows economic slowdown is feeding throughPledges by Boris Johnson and Jeremy Hunt to cut taxes and increase spending have come just as the UK’s public finances have shown a marked deterioration, according to the lat…

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Fishy figures: Boris Johnson’s public service pledges are fantasy economics | Richard Vize

Public services under a Johnson government could pay the price for his obsession with low taxesIn his campaign for the Conservative leadership, Boris Johnson has pledged more bobbies on the beat, a budget boost for schools and his team hinted at public…

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No-deal Brexit would plunge Britain into a recession, says OBR

Office for Budget Responsibility believes economy would shrink by 2% by end of 2020A no-deal Brexit would plunge Britain into a recession that would shrink the economy by 2%, push unemployment above 5% and send house prices tumbling by around 10%, acco…

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Pound could fall to parity with dollar on hard Brexit concerns

Fear of ‘hardline’ Boris Johnson and Jeremy Hunt could push sterling down to mid-80s levels, says Morgan StanleyThe pound’s fall to a two-year low against the dollar could be the start of a no-deal Brexit inspired wave of selling that would push sterli…

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UK living standards hit by rising prices and weak wage growth

Resolution Foundation says households suffering worse than 1990s recessionBritain’s weak wage growth and rising prices have delivered a hit to living standards of a severity normally only seen during a deep recession, a leading thinktank has said.While…

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