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Letters: Leaving the EU would have grave consequences for Britain - Telegraph.co.uk

Letters: Leaving the EU would have grave consequences for Britain - Telegraph.co.uk | Economics in Education | Scoop.it
The costs of departure from the EU; caring for those with Alzheimer’s; survival of the village cricket clubs; failed immigration promises, and imported table manners
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Eurozone braces for row with Greece over bailout exit terms | Business | The Guardian

Eurozone braces for row with Greece over bailout exit terms | Business | The Guardian | Economics in Education | Scoop.it
Concerns likely that country will suffer fourth collapse unless EU writes off some debt

Via Graham Watson
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Graham Watson's curator insight, June 18, 11:44 AM

Greece. Still in crisis. And facing a fourth collapse unless the EU writes off some debt.

 

Proof that you can continue to kick the can along the road, in the knowledge that although the road has to end somewhere, it can occasionally be an exceptionally long road.

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Federal Reserve raises interest rates

Federal Reserve raises interest rates | Economics in Education | Scoop.it
The US central bank has increased its benchmark rate by 0.25%.

Via Graham Watson
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Graham Watson's curator insight, June 13, 3:46 PM

US interest rates have gone up by 250 basis points, taking rates to 1.75% - 2.00%, their highest level in a decade. As has been 'scooped' elsewhere, this will have a variety of effects and represents a return to somewhere near normality for the US economy. How long until the UK experiences the same? 

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The best thing Germany could do for Europe is quit the single currency – but it won’t | Larry Elliott | Opinion | The Guardian

The best thing Germany could do for Europe is quit the single currency – but it won’t | Larry Elliott | Opinion | The Guardian | Economics in Education | Scoop.it
EU leaders are saddled with a mechanism that doesn’t work. There are ways to fix that, but not the will, writes Guardian staff columnist Larry Elliott

Via Graham Watson
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Graham Watson's curator insight, June 6, 3:56 PM

Larry Elliott has been in brilliant form recently: this article is a top-drawer analysis of the state of the Euro, and dare I say it Parkinsonian. I say this, because many years ago, a former colleague discussed at great length why it would make sense for Germany to leave the Euro, and raised the possibility of a two-speed Euro. Hat-tip to 'absent friends and Parky". 

 

However, Larry Elliott's piece goes beyond this to look at why the prospect of Germany leaving the Euro is highly unlikely, if only politically. 

 

It is an excellent piece of writing for those of you interested in some stretch and challenge material.

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'We have been hijacked': fishermen feel used over Brexit | Politics | The Guardian

'We have been hijacked': fishermen feel used over Brexit | Politics | The Guardian | Economics in Education | Scoop.it
As the reality of leaving the EU takes shape, UK fishermen are bleak about their industry’s future

Via Graham Watson
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Graham Watson's curator insight, March 24, 3:14 AM
The Guardian reports on the fact that the UK fishing industry feels betrayed over the nature of the UK's Brexit transition deal. The industry feels that the UK government haven't protected its interests and that the period of transition will see EU fishermen getting preferential access to UK waters, to the extent that many in the sector are already considering leaving it. It makes for depressing reading. 

I guess that the only consolation, as a Remain voter, is that I suspect that many fishermen were Leave voters: in which case, be careful what you wish for. 
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Bank of England warns on mortgage risk as interest rates rise

Bank of England warns on mortgage risk as interest rates rise | Economics in Education | Scoop.it
Banks have been warned that British homeowners' giant mortgages may be affordable now, but could get them into trouble as interest rates rise.
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Brexit: Don't put bankers first in talks, says Labour

Brexit: Don't put bankers first in talks, says Labour | Economics in Education | Scoop.it
Shadow chancellor John McDonnell says financial services should not be prioritised in EU trade talks.
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Pandering to baby boomers’ mania for saving is economic madness | Phillip Inman | Business | The Guardian

Pandering to baby boomers’ mania for saving is economic madness | Phillip Inman | Business | The Guardian | Economics in Education | Scoop.it
With the Bank of England controlling inflation, and the Treasury enslaved to pensioner votes, policies that would share wealth with younger generations don’t stand a chance
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Brexit: EU 'removes transition punishment clause'

Brexit: EU 'removes transition punishment clause' | Economics in Education | Scoop.it
Draft text had suggested UK would lose access to single market if it broke EU laws during transition.
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Any Brexit deal 'will hit UK economy'

Any Brexit deal 'will hit UK economy' | Economics in Education | Scoop.it
Leaked paper suggests slower growth - but government sources say its preferred deal was not analysed.
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CBI wants UK to remain in customs union

CBI wants UK to remain in customs union | Economics in Education | Scoop.it
A post-Brexit customs union is best for economic growth, the CBI's director general says.
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Global banks slash chance of Brexit ‘no deal’ and raise UK growth forecasts

Global banks slash chance of Brexit ‘no deal’ and raise UK growth forecasts | Economics in Education | Scoop.it
The likelihood of the Government failing to reach a Brexit deal is plummeting, which should reduce the risk facing the economy and inject more confidence into businesses and investors, according to analysts at leading global banks JP Morgan and UBS.
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Banks consider paying for EU access

Banks consider paying for EU access | Economics in Education | Scoop.it
Financial services firms may be prepared to contribute to the cost of keeping single market access.
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Eurozone economic optimism continues bullish streak

Eurozone economic optimism continues bullish streak | Economics in Education | Scoop.it
The Eurozone economy continued its strong performance in December, with optimism among businesses and consumers beating economists’ predictions to reach its highest level since October 2000.
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Bank of England wants 'folk wisdom' to break group think

Bank of England wants 'folk wisdom' to break group think | Economics in Education | Scoop.it
Fears that central bankers operate in a bubble and are out of touch with the real economy have prompted the Bank of England to seek more “folk wisdom” from ordinary people.

Via Graham Watson
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Graham Watson's curator insight, June 17, 2:58 AM

Quick heads up for Andy Haldane - read this Scoop It board!

 

That's "folk wisdom" for you....

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Why US rates have a global impact

Why US rates have a global impact | Economics in Education | Scoop.it
A sea change in US policy is having repercussions around the world.

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Graham Watson's curator insight, June 13, 11:40 AM

Just a fascinating article about why an increase in US interest rates is likely to lead to a raft of consequences: a weakening of emerging economy currencies, as well as some of the domestic implications for expenditure.

 

However, is Jerome Powell correct in suggesting that the impact of US interest rates is overstated?

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The EU’s problem is the same as Britain’s: austerity | Business | The Guardian

The EU’s problem is the same as Britain’s: austerity | Business | The Guardian | Economics in Education | Scoop.it
The addiction to economic pain is shared by Brussels and by Tories who see in Brexit a renewed ‘Thatcher revolution’

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Graham Watson's curator insight, June 4, 4:48 AM

William Keegan's Brexit-tinted glasses look at how Brexit and the EU have become the fall guys for austerity, arguing that the real ideological basis of the Leave campaign is Thatcherite economics and not a fear of immigration. An interesting read, but I wonder whether this is actually the case, or more of a 'conspiracy theory'? 

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Spoiler alert: Bank of England's hints of May rate rise are not subtle | Business | The Guardian

Spoiler alert: Bank of England's hints of May rate rise are not subtle | Business | The Guardian | Economics in Education | Scoop.it
Ratesetters point to interest increase that appears almost certain unless growth stalls

Via Graham Watson
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Graham Watson's curator insight, March 22, 4:50 PM
Larry Elliott on the latest MPC minutes. Pity it wasn't Phillip Inman - John's boy. "Going up!"
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May’s Brexit will block ports and cripple business. Time to stop pretending | Jonathan Lis | Opinion | The Guardian

May’s Brexit will block ports and cripple business. Time to stop pretending | Jonathan Lis | Opinion | The Guardian | Economics in Education | Scoop.it
Tailbacks of up to 30 miles and rotting food do not pass Theresa May’s Brexit tests, says Jonathan Lis, of thinktank British Influence
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'Disturbing' lack of clarity on non-EU trade deals post-Brexit, MPs warn

'Disturbing' lack of clarity on non-EU trade deals post-Brexit, MPs warn | Economics in Education | Scoop.it
Trade deals agreed between the UK with non-EU nations are still not safeguarded ahead of Brexit, MPs warned in a report published today.
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Interest rate rise of 1% would cost average UK homeowner £930 a year | Business | The Guardian

Interest rate rise of 1% would cost average UK homeowner £930 a year | Business | The Guardian | Economics in Education | Scoop.it
A Bank of England rate change would add £10bn to UK mortgage bill, Savills says
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UK considers customs union deal

Theresa May's Brexit advisers are secretly considering whether Britain could strike an agreement that would restrict the loss of EU trade but would also severely limit the country’s ability to strike out on its own.

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EU sets out Brexit transition demands

EU sets out Brexit transition demands | Economics in Education | Scoop.it
The EU wants the UK to continue to follow its rules but not be involved in making decisions.
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Britain’s tired old economy isn’t strong enough for Brexit | Phillip Inman

Britain’s tired old economy isn’t strong enough for Brexit | Phillip Inman | Economics in Education | Scoop.it
Leave campaigners’ visions of national renewal depend on a level of commercial vibrancy that the UK can no longer muster
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Brexit: UK could lose half a million jobs with no deal, says Sadiq Khan

Brexit: UK could lose half a million jobs with no deal, says Sadiq Khan | Economics in Education | Scoop.it
Analysis commissioned by London mayor predicts ‘lost decade’ of slump and lower employment with hard Brexit
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EU disclaimers warn UK businesses over risks of 'no deal' Brexit

EU disclaimers warn UK businesses over risks of 'no deal' Brexit | Economics in Education | Scoop.it
Documents warn EU could shut down companies’ ability to operate across Europe and block funding streams
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