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Bank of England governor Mark Carney
BANK of England governor Mark Carney claimed today that Britain’s decision to leave the European Union had cost “tens of billions of pounds” in lost economic activity.
Investment is failing to recover because of the “Brexit effect,” the banker said, blaming the referendum decision for the economy being “about a percentage point less in size than we expected.”
He said that the “deeper” any post-Brexit relationship with the EU was, “the better it is going to be over time for the economy.”
The HS2 debacle exposes what happens when public infrastructure is handed to private contractors – especially when set against China’s state-led high-speed rail success, says CARLOS MARTINEZ
If the government really wanted to address public finances, improve living standards and begin economic recovery, it would increase its borrowing for investment, argues MICHAEL BURKE
US tariffs have had Von der Leyen bowing in submission, while comments from the former European Central Bank leader call for more European political integration and less individual state sovereignty. All this adds up to more pain and austerity ahead, argues NICK WRIGHT
In an address to the Communist Party’s executive at the weekend international secretary KEVAN NELSON explained why the communists’ watchwords must be Jobs not Bombs and Welfare not Warfare