United Kingdom

boris jonhson

Goodbye Boris, Goodbye

Brexit – the United Kingdom’s exit from the European Union – was the great political attraction of Boris Johnson’s era as British Prime Minister. However, its effects have been disastrous for international trade, especially for Spain. As the daily Expanión explains, Brexit, Boris Johnson’s great electoral claim, has taken away 18 billion euros in trade between the United Kingdom and Spain. In 2021, the first full year of Brexit, UK…

UBS forecasts

UK Budget: Deja-Vu, All Over Again

The Chancellor’s latest Budget saw the cumulative forecast for government borrowing over the next five years revised up by close to GBP 40bn. This reflects both weaker cyclical growth and also the Office for Budget Responsibility (OBR) taking a gloomier view on UK trend productivity growth.

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A ‘Brexit’ Map for Sterling

UBS | A date for referendum is set and the pound is getting pounded. The United Kingdom reached an agreement with the European Union and the UK announced that the referendum vote will take place on 23 June 2016.