19 August 2019 • 8:03am Struggling ‘Boris bus’ maker seeks Chinese cash Wall Street rebounded on Friday amid hopes for German stimulus, China rate steps Asian markets rally as they follow US lead Roger Bootle: Britain should be more careful playing hardball on US trade Auto update On Off 7:50AM What’s coming up in global markets this week? Looking ahead, all eyes will be on Federal Reserve chairman Jerome Powell on Friday when he addresses the Kansas Fed’s annual Jackson Hole gathering. Investors will be watching to gauge whether another rate cut is on the cards in the US. Investors will also be monitoring the purchasing managers’ index data from the US and eurozone this week. Analysts are expecting a modest further slowdown in both regions. In Asia, the focus will continue to be on Hong Kong, where a peaceful protest at the weekend appeared to be the largest in over a … [Read more...] about Prospect of stimulus looks set to lift stock markets
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With news coming from Westminster seemingly every day about Brexit and trade deals, it can be difficult to keep up, let alone understand it all. For some, it can feel like this is all happening elsewhere and doesn’t affect us. But just how would a ‘no-deal’ Brexit affect our day-to-day lives? What exactly is a ‘no-deal’ Brexit? A no-deal Brexit means the UK and EU have been unable to reach a withdrawal agreement. No withdrawal agreement means there is no 21-month transition period to help us leave the EU smoothly with minimal effect on our economy and British businesses. This means consumers, businesses and public bodies would have to respond immediately to changes as a result of leaving the EU, rather than having a slow transition to allow everyone to adapt to the changes. The withdrawal agreement also covers how much money the UK must pay to the EU as a settlement, citizens’ rights, and the ‘backstop’ to ensure there is no hard border … [Read more...] about This is exactly how a no-deal Brexit could affect Cambridgeshire
This article originally published in December has been updated. Unless the British parliament approves a Brexit deal, or another extension to the UK's EU membership is agreed, or the government decides to cancel Brexit – then by law the United Kingdom will leave the European Union without an agreement on October 31. Several of the contenders to replace Theresa May as prime minister, including the favourite Boris Johnson, say they are determined to take the UK out in the autumn, without a deal if necessary. Polling suggests many members of Britain’s ruling Conservative Party favour such an option. A "no-deal" exit would mean that legal arrangements covering many aspects of everyday life would abruptly cease to apply. It would also bring a significant change in the trading relationship between the UK and the EU. The EU is the UK’s largest trading partner, although its importance has been slightly declining. Official UK figures show that 44% of all UK exports went to … [Read more...] about No-deal Brexit: what would ‘WTO terms’ mean for UK-EU trade?