LONDON — The British pound is dropping sharply in overnight trade on Thursday after the exit poll suggested that no party will win a majority in the House of Commons after 2017’s general election. The exit poll, which in recent elections has proved to be a fairly accurate forecast of the official result, showed Theresa […]

Reuters LONDON — Implied volatility in the pound has spiked on Thursday as Britain goes to the polls in an election that is projected to be much tighter than had initially been expected. Polls published overnight suggest that Theresa May’s Conservative Party hold a lead of between six and eight points over Jeremy Corbyn’s Labour […]

REUTERS/Peter Nicholls Britain’s Prime Minister Theresa May toasts The Royal Family before she delivers a speech at the Lord Mayor’s Banquet, at the Guildhall, London, Britain November 14, 2016. LONDON — UK economic growth will slow sharply next year before Britain leaves the EU in 2019 without a trade deal, according to the Organisation for […]

Retail sales fall in May after April rebound; British Retail Consortium CEO says “longer-term trend of a decline in consumer spending power”; Food sales rising but non-food sales like fashion and homeware tanking. LONDON — Retail sales fell in May, according to new figures from the British Retail Consortium (BRC), highlighting “a longer-term trend of […]

The economic profession has got a bad rap in Britain recently with the failure of “so-called experts” often cited by pro-Brexit campaigners as a reason to mistrust economists who overestimated the negative impacts of Brexit on the economy. Despite this, interest in economics as an academic subject is on the rise. This week, the Guardian published […]

Thomson Reuters German Chancellor Angela Merkel attends the weekly cabinet meeting in Berlin LONDON — Britain will pay a price for stopping the free movement of European workers after Brexit, German Chancellor Angela Merkel warned on Wednesday, according to a Reuters report. Merkel told an audience at an international labour conference in Berlin: “If the […]

Reuters Kirsty Bertarelli was just named Britain’s richest woman again, according to the 2017 Sunday Times Rich List. And as a multibillionaire she lives an enviably incredible life. Her fortune is so vast that it eclipses that of Harry Potter author J.K. Rowling and the Queen combined at £1.01 billion. Bertarelli’s net worth is now at […]

REUTERS/Charles Platiau French economist and academic Thomas Piketty, poses in his book-lined office at the French School for Advanced Studies in the Social Sciences (EHESS), in Paris May 12, 2014. Thomas Piketty, a Nobel Prize winning economist, shot to fame in his 2013 when he published his book “Capital in the Twenty-First Century,” which focuses on […]

PA Undated handout photo issued by Redrow of their Chairman Steve Morgan. It is now more apparent than ever that the richest people in Britain are creating their own fortunes rather than inheriting it.  According to a preview of The Sunday Times Rich List, which lists the 1,000 wealthiest individuals and families in the UK, there are also […]