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Tag: Independent

Britain just got its first concrete sign that Brexit will destroy the economy

Britain just got its first concrete sign that Brexit will destroy the economy

Britain just got its first concrete sign that the British exit from the European Union, or Brexit, will crush the nation’s economy after a grim set of PMI data released by Markit on Friday morning showed a “dramatic deterioration” in the economy since the UK voted to leave the EU.

eu-indie-4Speaking about the data, Markit’s chief economist, Chris Williamson, said (emphasis ours):

“July saw a dramatic deterioration in the economy, with business activity slumping at the fastest rate since the height of the global financial crisis in early-2009.

“The downturn, whether manifesting itself in order book cancellations, a lack of new orders or the postponement or halting of projects, was most commonly attributed in one way or another to ‘Brexit.'”

Read More at Independent Online

Brexit: Farmers who backed Leave now regret vote over subsidy fears

Brexit: Farmers who backed Leave now regret vote over subsidy fears

eu-indie-3Many British farmers are experiencing ‘Regrexit’ over fears they may lose agricultural subsidies, the Earl of Sandwich has told Parliament.

“In 2013, farmers received €2.6bn (about £2.2bn) under pillar 1 [an EU funding term] and €637m (£538m) for agri-environment and rural development under ‘green’ pillar 2.”

Speaking in a House of Lords debate, John Montagu said many farmers had voted “without understanding the consequences” and were now in dismay over news they may not receive the same level of payouts made under the EU’s Common Agricultural Policy.

More on Independent Website

Lawyers paid £33,000 of Taxpayers’ Money a Week to Advise Government on Brexit Negotiations

Lawyers paid £33,000 of Taxpayers’ Money a Week to Advise Government on Brexit Negotiations

Department for Exiting the EU spends an estimated £268,711 in eight weeks.

Nick Clegg, who uncovered the spending, said it was further evidence of “how ill-prepared Whitehall is” for the enormous task of withdrawing from the European Union.

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The former Liberal Democrat leader said: “Anyone who thinks Brexit will be quick or easy is seriously mistaken.
“This huge taxpayer-funded Brexit bill for legal advice shows how ill-prepared Whitehall is for what will be the biggest and most complex set of negotiations it has ever attempted.”

More at The Independent Website

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