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Economy

The pound has plunged in value, businesses have been losing contracts amid soaring import prices, and large employers dependent on access to EU markets are talking about reducing their UK operations or moving away completely. Here we present big-picture indicators and stories from businesses large and small.

UK froze payments from £3bn EU development fund

Move days after Brexit vote exposes almost immediate impact of result on UK economy

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Pension deficit will widen says ex-minister

The £935 billion black hole could get larger warns Ros Altmann

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Business optimism plummets, CBI survey finds

Despite recent output growth, confidence is falling at fastest rate since 2009

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Ryanair to cut UK flights following Brexit poll

Europe’s largest budget airline to “pivot growth away from UK”

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First banks to shift to Europe ‘will have advantage’

Confidential Deutsche Bank briefing anticipates bottleneck of relocating banks

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EasyJet warns of turbulence ahead

The sharp fall in the pound since the Brexit vote has pushed costs up by £40m

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The economic impact after one month

Are predictions of Brexit blight coming true?

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Recession fears as economy slides

'Dramatic deterioration' follows Brexit vote

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North East to lose more than £700m

The Government has admitted the North East could lose hundreds of millions of pounds because of the decision to leave the European Union. The North...

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EU cash cut: Blaenau Ffestiniog

Town of 4,800 stands to lose millions in subsidies

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London start-ups consider Berlin exodus

More than 100 firms have approached German tech office

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Currency fluctuations

Having plunged immediately after the referendum result, the exchange rate of the pound against the dollar remains at a 31-year low. Source: www.ukforex.co.uk This historical...

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IMF cuts global growth forecasts

UK growth is likely to see the biggest reduction among advanced economies

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UK suffers two-notch credit rating cut

All large-borrowers, whether companies or governments, are given a credit rating so that lenders know how likely they are to be paid back. If a...

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