BBC (November 15)
“Britain’s stock market has lost its position as Europe’s most-valued,” marking “the first time Paris has overtaken London since records began…. The combined value of British shares is now around $2.821 trillion (£2.3 trillion), while France’s are worth around $2.823 trillion.” Factors behind the shift include “a weak pound, fears of recession in the UK and surging sales at French luxury goods makers.”
Tags: $2.823 trillion, Britain, Europe, Fears, First, France, London, Most-valued, Overtaken, Paris, Recession, Records, Shares, Stock market, Surging sales, UK, Weak pound
Washington Post (October 24)
“Tax hikes and macroeconomic discipline won’t be enough. To persuade both investors and voters to believe in post-Brexit Britain, Sunak needs a convincing growth agenda. Since tax cuts are unaffordable, that agenda must consist of regulatory reform. Sunak must be as bold on microeconomic strategy as he is on macro.”
Tags: Britain, Convincing, Discipline, Growth agenda, Investors, Macroeconomic, Microeconomic strategy, Persuade, Post-Brexit, Regulatory reform, Sunak, Tax cuts, Tax hikes, Unaffordable, Voters
CNN (October 19)
Even with “Trussonomics… tossed out and a total market meltdown avoided, the near-term prospects for Britain’s economy look increasingly wobbly. A recession stretching through the winter looms. Policymakers were facing tough choices even before Truss unleashed financial market chaos. Now, with the government’s credibility tarnished, they’re in an even worse predicament.”
Tags: Avoided, Britain, Chaos. Government, Credibility, Economy, Market, Meltdown, Prospects, Recession, Tarnished, Tossed out, Trussonomics, Wobbly
New York Times (September 10)
“The queen’s death last week, at 96, is a genuinely traumatic event, leaving many in this stoic country anxious and unmoored. As they come to terms with the loss of a figure who embodied Britain, they are unsure of their nation’s identity, its economic and social well-being, or even its role in the world.”
Tags: 96, Anxious, Britain, Death, Economic, Embodied, Identity, Loss, Queen, Social, Stoic, Traumatic, Unmoored, Unsure
The Times (October 19)
“The pandemic has laid waste to high streets, costing thousands of jobs in the process.” A recent PWC study starkly illustrates the observation that “shop closures soared at a record rate in the first half of the year as coronavirus lockdowns hit the high street.” During that period, “Britain lost 6,001 more chain stores than it gained in the first half, up from a loss of 3,509 in the same period last year.”
Tags: Britain, Closures, Coronavirus, High streets, Jobs, Lockdowns, Pandemic, PwC, Shops, Stores, Waste
Investment Week (July 20)
“The US silver economy is worth $7trn alone, making it more valuable than the economies of Britain, Japan, or India. In the past 18 years, companies whose businesses relate to the ageing population have achieved average revenue and earnings growth that has outperformed the global market. This trend is expected to continue gathering momentum.”
Tags: Ageing, Britain, Earnings growth, Global market, India, Japan, Outperformed, Population, Revenue, Silver economy, Trend, U.S.
New York Times (July 23)
“Boris Johnson, to whom lying comes as easily as breathing, is on the verge of becoming prime minister. He faces the most complex and intractable political crisis to affect Britain since 1945…. His premiership could bring about the end of Britain itself.”
Tags: Britain, Complex, End, Intractable, Johnson, Lying, Political crisis, Prime minister, UK
Time (September 26)
“President Trump’s efforts to isolate Iran at the U.N. backfired.” “The fiery speeches against Iran,” instead, revealed the “divisions… between the U.S. and its closest allies.” Most “foreign nations have opted to defend the agreement” with Iran, “rather than join America’s outbursts against it.” In fact, Russia, China, Germany, Britain, and France agreed “to set up legal entity to circumvent U.S. sanctions.”
Tags: Allies, Backfired, Britain, China, Circumvent, France, Germany, Iran, Outburst, Russia, Sanctions, Trump, U.N., U.S.
Forbes (September 20)
“Britain’s non-binding resolution, to leave the EU (aka Brexit) is moving forward because one weak-willed and weak-minded politician, U.K. Prime Minister Teresa May, is treating the 2016 opinion poll as legally binding. It wasn’t and isn’t.” It is time for the Prime Minister to “exit Brexit” and “reverse the U.K.’s mistake.”
Tags: Britain, EU, Exit Brexit, May, Mistake, Non-binding resolution, Reverse, U.K.
Time (February 27)
“President Trump rolled out the red carpet for Japan’s Prime Minister Shinzo Abe on Feb. 10 for three days of lavish praise, elaborate dinners, lots of golf and a ride on Air Force One…. Compare that with what’s beginning to look like an awkward Trump relationship with Britain and it’s easy to see that the U.S. and Japan have the new ‘special relationship.’”
Tags: Abe, Britain, Japan, Red carpet, Special relationship, Trump, U.S.
