Assuming the UK government promises to cough up a few more billion for the Brexit exit charge, the conversation will finally move on to the Brexit transition deal. In this case the UK would enter a half-in, half-out position with the UK out of the EU but still able to trade without borders by virtue […]
Economics
WTO Rules, Quotas and Mutual Recognition Agreements
World Trade Organization Rules Affect Price Not Conformity During the process of Brexit, we hear a lot about World Trade Organisation Rules, or WTO Rules. The idea is that if the UK leaves the EU without a deal, the UK will only have these WTO rules to fall back on. While WTO rules should ensure […]
UK BOE Interest Rates On The Way Up
The Governor of the Bank of England, Mark Carney, finally announced the long promised decision to increase the UK BOE interest rate by a quarter of one percent. This brought the base rate back to the heady height of one half of one percent. In other words, back to the same level as the post-Brexit […]
Brexit But Nothing Changes Until 2019
The United Kingdom, or at least 52% of the the 72% that voted, has taken the historic step of leaving the European Union. But do not expect anything to change soon. Greenland was the only country to leave the EU, and that was in 1984 and it took 3 years of negotiation (and that was […]
China Is The World’s Second Biggest Economy
In the last quarter of 2010, China has overtaken Japan to become the world’s second biggest economy. The International Monetary Fund (IMF) reports that China’s Gross National Product was $5.75 trillion in 2010 compared to Japan’s $5.39 trillion. Although the Japanese economy grew by 2% in 2010, the Chinese economy outpaced it with growth of […]
