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Recession is the price of curbing UK inflation

LONDON: “Rising unemployment and the recession have been the price that we have had to pay to get inflation down. That price is well worth paying.”

Germany , United-kingdom , London , City-of , Britain , British , Norman-lamont , Ben-broadbent , Douglas-mcwilliams , Bloomberg , Business-research , Centre-for-economic

How George Soros was transformed from herald of democracy into Hungary's "enemy of the people"

How George Soros was transformed from herald of democracy into Hungary's "enemy of the people"
voxeurop.eu - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from voxeurop.eu Daily Mail and Mail on Sunday newspapers.

Moscow , Moskva , Russia , Budapest , Hungary , United-states , Roma , Lazio , Italy , United-kingdom , Israel , South-africa

The Mundell difference | VOX, CEPR Policy Portal


Paul De Grauwe
The opening sentence of Robert Mundell’s 1963 paper “Capital mobility and stabilization policy under fixed and flexible exchange rates” — one of the two most influential in a series of pathbreaking papers he published in the late 1950s and early 1960s — is curious: “The world is still a closed economy, but its regions and countries are becoming increasingly open.”
“Still”? Was Mundell thinking of a future with interplanetary trade, so that eventually the world as a whole
wouldn’t be a closed economy? OK, he probably wasn’t, but if he was, it would have been in character. Mundell, who passed away on 4 April, was an economist ahead of his time.

New-york , United-states , United-kingdom , Vancouver , British-columbia , Canada , Princeton , Newfoundland , Toronto , Ontario , France , Britain

EU's devastating role in triggering Black Wednesday laid bare - 'Torpedoed the pound!'


The events of September 1992 has been documented by the late Jeremy Heywood, who served as the Chancellor's principal private secretary from 1991 to 1997.
Although he passed away in October 2018, his wife Suzanne Heywood has recently published a record of his career in the book: 'What Does Jeremy Think? Jeremy Heywood and the Making of Modern Britain'.
The book details the cataclysmic effect of comments made by Helmut Schlesinger, the head of Bundesbank, to the press the day before Black Wednesday crippled the UK economy.
From the third quarter of 1992, the UK economy started to falter and required Europe to lower its interest rates to help prevent the economy from free falling.

Italy , Germany , Sweden , Finland , United-kingdom , Britain , Italians , German , John-major , Yanis-varoufakis , Suzanne-heywood , Jeremy-heywood

"Super" Mario Draghi Tapped To Lead Apolitical "Unity" Government, Save Italian Economy

"Super" Mario Draghi Tapped To Lead Apolitical "Unity" Government, Save Italian Economy
zerohedge.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from zerohedge.com Daily Mail and Mail on Sunday newspapers.

Germany , Italy , Rome , Lazio , Italian , German , Janet-yellen , Mario-draghi , Giovanni-montalti , Michael-brown-mrmbrown , Ferdinando-giugliano , Sergio-mattarella

Britain breaks free of EU rules as Brexit transition period ends


Breakaway finally came nearly four-and-a-half years after Britons voted to leave the European Union
In New Year message, Mr Johnson called the departure 'an amazing moment', adding 'freedom is in our hands'
Breakaway came as the port of Dover was pictured on Thursday evening completely devoid of traffic
From Thursday, many lorries will need a special pass, a Kent Access Permit (Kap), to leave the country 
Britain finally broke free from EU rules at 11pm on Thursday, just a day after members of parliament voted through the last-minute deal Boris Johnson secured with the bloc to avoid a No Deal Brexit. 

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Moment EuroTunnel officials welcome FIRST lorry from Britain


What Brexit chaos? Britain says EU trade is 'running smoothly' as trucks cross Channel on UK's first day outside single market - as first Irish Sea checks take place under new deal
Lord Llewellyn visited the port at Calais and the Eurotunnel terminal 'to see the situation on the ground'
The breakaway finally came nearly four-and-a-half years after Britons voted in a referendum to leave the EU
Lorries have began arriving from EU into Britain and in the other direction with no delays as trade deal kicks in
In New Year message, Mr Johnson called the departure 'an amazing moment', adding 'freedom is in our hands'

United-states , Dover , Kent , United-kingdom , Paris , France-general , France , Russia , New-zealand , Netherlands , Italy , Ireland