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Brexit

Brexit threatens pound as reserve currency, S&P warns

Brexit threatens pound as reserve currency, S&P warns
By: Elaine Moore Rating agency warns further sharp declines will undermine the pound’s position as a reserve currency  S&P Global Ratings has called into question the pound’s future as one of the world’s reserve currencies as the rating agency ...

Philip Hammond could face £84bn black hole following Brexit vote

Philip Hammond could face £84bn black hole following Brexit vote
By Phillip Inman Economics correspondent Short-term hit to economy will leave Treasury with shortfall over next five years, warns thinktank The worsening economic outlook could leave Philip Hammond facing a black hole of more than ...

30 years after big bang, will Brexit cost City of London its status?

30 years after big bang, will Brexit cost City of London its status?
By Jill Treanor and Sean Farrell Richard Lumb, chief executive of Accenture’s global financial services business, said it also democratised share ownership – and brought in £65bn of tax revenues. This was one of the benefits of the bonus culture ...

Brexit: leading banks set to pull out of UK early next year

Brexit: leading banks set to pull out of UK early next year
By Daniel Boffey Observer policy editor  Anthony Browne, head of the British Bankers’ Association, warns that major lenders are poised to hit relocate button Britain’s biggest banks are preparing to relocate out of the UK in the first few ...

UK looks at paying billions into EU budget after Brexit

UK looks at paying billions into EU budget after Brexit
By: George Parker and Martin Arnold in London and Alex Barker in Brussels Plan would let finance sector keep single-market access Britain would continue to pay billions of pounds into the EU budget ...

Who's behind the blog

Who's behind the blog

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