Daily Archive: January 10, 2018

Jan
10

Brexit: UK could lose half a million jobs with no deal, says Sadiq Khan

Analysis commissioned by London mayor predicts ‘lost decade’ of slump and lower employment with hard Brexit

A no-deal Brexit could cause the UK to lose half a million jobs and nearly £50bn in investment by 2030, according to an economic forecast commissioned by the mayor of London, Sadiq Khan.

The report, which models five possible scenarios for leaving the EU ranging from a near-status-quo situation to leaving on World Trade Organisation terms without any transition agreement, warns that the worst option could be a “lost decade” of economic slump.

Staying in the single market and customs union

Continue reading…

Jan
10

China forex regulator disputes report on Treasuries purchasing policy

Jan
10

Egypt Opens Criminal Inquiry Over New York Times Article

The Times reported on a secret effort by Egyptian intelligence to sway public opinion on Jerusalem. Officials say the article hurt national security.

Jan
10

Brexit buyer’s remorse? We still don’t know what we’ve been sold | Letters

Readers respond to a piece by the Guardian’s economics editor Larry Elliott and a letter from Oxford University professor Robert Gildea

Once again Larry Elliott hits the nail on the head with his plea for remainers to move on (Remainers got it wrong: there is no buyer’s remorse, 8 January).

Even now there is a complete reluctance to understand the true nature of the EU. Do remainers really believe that the four freedoms to move goods, capital, services and labour were ever introduced in the interests of workers? The continual harping on about the lies of Brexiteers ignores the bigger truth that the EU is, and always will be, unreformable, neoliberal and hugely damaging to our economy. The EU treaties have allowed the capitalist class to cut public spending, privatise, and sell our assets abroad. They threw in a few sops in terms of workers’ rights that we could have won ourselves through union action, to persuade us of some nonexistent liberal aspect to the EU.

Denying that immigration was responsible for low wages and job losses, and describing claims to the contrary as a fraud, is simply delusional

The hallowed ‘freedom of movement’ has allowed large-scale farms to employ agricultural workers from the poorest regions of Europe at the lowest possible rate

Continue reading…

Jan
10

M&S drops cauliflower ‘steak’ amid ridicule from customers

Costing double the price of a whole vegetable and shrouded in layers of plastic, ‘clean eating’ product fails to make the cut

Marks & Spencer has withdrawn its “cauliflower steak” product from sale after it was ridiculed by consumers for its “excessive” plastic packaging and inflated price.

The sliced cauliflower, which comes in plastic packaging with a separate sachet of lemon and herb drizzle, was being sold for twice the price of a whole, single cauliflower at the supermarket chain.

Related: Forget M&S’s £2.50 ‘cauliflower steak’ – here’s how to make your own

Continue reading…

Older posts «