The British economy had one last hurrah in Q2 before the adverse effects of Brexit were expected to rear their ugly head. This week those fears became reality.
After the UK voted to leave the European Union in June, the pound promptly had its worst day in history against other major
"Grieve for Europe ... worry about Britain."
The impact of Brexit on UK business has so many opinions, on both sides of the fence. However, it is certainly causing volatility
LONDON -- "If Britain leaves, it would be like an earthquake for the EU, and it would give ammunition to populist parties."
HONG KONG -- Britain's Achilles' heel is its small size. We don't have the large domestic market that technology companies need to support investments in R&D and capture the scale benefits of networks. It is why too many British-founded technology companies sell out early to U.S. companies or are re-domiciled to Boston or Palo Alto by U.S. venture capitalists.
Living in London is getting more and more expensive, and those most affected by the increasing costs are raising their voices
Few would deny that Margaret Thatcher brought the United States and United Kingdom closer together. As I begin my tenure as British Ambassador to Washington, I look forward to playing my own small part in keeping that relationship in the best possible repair.
I was in London this week, where the news was filled with images of Finance Minister George Osborne pausing outside 11 Downing Street with a replica of the red "budget box" that has been used to carry budget papers for the last 150 years. Inside the box: a new budget calling for the slashing of government programs and an embrace of massive debt reduction -- even while the British economy continues to sputter. The next morning, in an editorial meeting at the Guardian, I listened as story angles were discussed: economic growth is slower than expected; unemployment remains higher than expected; the deficit will be higher than expected. I had a real feeling of déjà vu from across the Atlantic, and I thought I might send over some of America's headlines from last year and save them the time and aggravation of coming up with new ones. Isn't it time for governments to expect their expectations to be wrong?
"The government's ongoing commitment to large-scale deficit reduction is very important to the Aaa rating and stable outlook
Ever since the defeat of the of the Spanish Armada in 1588 by Francis Drake, it has been the Royal Navy that has been the most reliable deterrent to aggression in the defense of Britain.
The BBC is to launch a fightback against its critics by claiming that, far from being a drain on the licence feepayer and
NEW YORK -- Britain's old malaise, the creeping national crisis of confidence and purpose that has afflicted the country
The Bank of England sent interest rates tumbling further to a new historic low of 1% today. Rate-setters cut borrowing costs