Category: United Kingdom

More Warnings as Mainstream Urges Brexit Rejection


As Britain nears its vote to leave the EU, several new warnings have appeared urging voters to vote against an exit.  While several politicians, economists, and financial chiefs have attempted to deter voters from voting to split from the EU in recent months, new warnings in recent days have cast aspersions on the UK’s ability to go it alone economically.

The BBC reported a 0.2% decline against the U.S. dollar, a 0.6% decline against the euro, and a 1% decline against the Japanese yen in recent trading, while noting volatility has increased in recent days.

UK Falling Trade Deficit Rebukes Brexit Fearmongers


A decline in Britain’s trade deficit due to a sharp increase in exports is emboldening supporters of the UK leaving the European Union.  The country’s trade deficit with foreign countries fell significantly, after a high deficit was recorded earlier in the year.

According to the Office for National Statistics, the trade deficit fell 7.2% in April from the prior month, which other studies suggest are a result of higher exporting activity and resurgence in Britain’s industrial output.

Brexit Odds are Fluid, but Rising


This Great Graphic shows the price people are willing to pay to bet that the UK votes to leave the EU at the June 23 referendum on the PredictIt events markets.  We included the lower chart to give some sense of volume of activity on this wager in this event market.

Presently, one would have to wager 42 cents to win a dollar if the UK votes to leave.  On May 23, one could wager 19 cents.  On Saturday, June 4, would have “bet” on Brexit for 30 cents.

UK Sees Economic Bright Spot


A small improvement in manufacturing in the UK surprised economists, as the country looks at its economic future in the European Union.  The most recent Markit Purchasing Managers Index for services (PMI) rose to 53.5, a sharp increase from the prior month. The data stunned economists, who had expected a much weaker reading.

No Brexit Vote for You


A decision by judges in the Supreme Court has finally put an end to the legal challenge of two British citizens claiming to be unfairly excluded from voting in the EU referendum. They were campaigning against the law , which disenfranchises people who have lived outside the UK for 15 years or more.

More Warnings on Britain Exiting the EU


More experts are weighing in on Britain’s upcoming referendum on its membership in the EU.   A flurry of warnings from bankers, economists, politicians, and experts have bombarded Brits in recent months, with daily discussions at the BBC, The Times, the Telegraph, and other major British publications urging British citizens to vote to remain in the EU.

Another Day, Another Brexit Forecast


It seems that not a day goes by without another Brexit economic forecast – whether it is one from the Treasury, the OECD or Economists for Brexit. Some say it will cost Britain to leave; others say it will be beneficial to the UK economy.

The Brexit and Vector Autoregressive Analysis…What?


Over 90 pages, the British Treasury’s latest referendum attempts to identify the short-term economic effects of a vote to leave on June 23 – aka Brexit. When the Treasury tweeted the publication late on the morning of May 23 it was billed a “detailed and rigorous analysis on the immediate impact of leaving the EU”. So how does it stack up?

Warnings of Brexit Risks Overwhelm British Voters


In a plea to British voters to vote to stay in the group, many world leaders are citing the risks of Britain leaving the European Union.  Most recently, Bank of Japan Chief Haruhiko Kuroda warned that Britain leaving the EU would have a serious impact on the world’s economy and that it would hurt Japan. “This could be potentially quite serious. If Brexit is agreed, it would have a significant and serious impact on the global economy,” he said at the most recent G7 meeting in Japan.

UK Government Study: Brexit to Cost Taxpayers Thousands


A new study by the UK government argues families in the country will pay £4,300 ($6,185) more in income taxes if the country leaves the EU.  After an aggressive charm offensive to urge British voters to vote to stay in the EU, the country’s Treasury released a study saying that Brits would be “worse off by £4,300 a year per household if Britain votes to leave European Union,” according to the Treasury.