Like sterling, talk of no-deal Brexit could cost Boris Johnson dear

The money markets didn’t take a disorderly departure seriously. They do now. So should the PMHolidaymakers heading abroad for their summer holidays might not thank him for it, but the fall in the value of the pound to its lowest level in 28 months is e…

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ECB signals it will move to boost growth amid fears of low inflation

Outgoing president says outlook is worsening and inflation is well below targetThe European Central Bank has given a clear signal that it will join the US Federal Reserve in seeking to boost global growth as it expressed concern about flagging levels o…

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The cost of Boris Johnson: pricing up the next PM’s pledges

From nationwide full-fibre broadband to 20,000 extra police officers, here’s what 10 of his plans might costTaxes will be cut and public spending increased if Boris Johnson makes good on the pledges he has made in recent weeks while campaigning to be p…

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Donald Trump’s trade war hurting China more than US, says IMF

Brexit uncertainty and impact of Iran sanctions also likely to slow world growth, says FundDonald Trump’s claim that his protectionist measures are hurting China more than the US has received support from the International Monetary Fund in new forecast…

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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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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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