Here the story has been less dramatic. After the initial collapse in the pound to a 35-year low against the USD and 11-year low against EUR, we’ve seen a recovery to a level slightly above the average since the Brexit vote.
“WTO economists believe the decline will likely exceed the trade slump brought on by the global financial crisis of 2008-2009″
The opening salvos in the trade war between the US and China have already been fired. The US unveiled plans for a 25 per cent tariff on steel and 10… read more →
The once major steam train of economies has hit a thick brick wall of which it cannot maintain its speed on its rapid growth. The chinese government wanted the markets… read more →
The first budget of 2017 was announced in March 2017. Due to tradition, the chancellor of the exchequer may drink alcohol during the budget speech, the only time of the year… read more →