Author: Kittens for Brexit

Britain’s borrowing hits lowest level since 2008 as Brexit boom continues

BRITAIN’S public borrowing has fallen to its lowest level since 2008, in yet another blow to predictions the economy would be hit by a vote to leave the European Union (EU). The public finances were in surplus by around £1billion last month, after being in the red by around £7.8bn in June, official figures revealed today. Public sector borrowing is now at £23.7bn for financial year-to-date, down £3bn down from the same period last year and the lowest since 2008,the Office for National Statistics (ONS) data showed. Britain is usually in the black in July because it’s when a...

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EU exit plan FINALLY under way: City steps up work on Brexit blueprint

THE drive for a swift Brexit deal has been stepped up a gear, it has emerged. Experts in the City of London have intensified work on blueprints to secure the best possible agreement when Britain leaves the European Union. The Remain-supporting City is said to have resigned itself to no longer being in the EU Single Market. Instead it is focusing its energies on how to maximise free trade opportunities with the EU through a uniquely British solution. A pro-Remain former adviser to David Cameron conceded the UK could achieve a “good result”. And he warned Theresa May not...

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Wanted: a British bulldog for the Brexit department

In recent months, Downing St has played court to a turf war between No.10’s chief mouser Larry and Palmerston, the Foreign Office’s top cat. Things are only set to get more complicated now that the Treasury has also welcomed a feline — by the name of Gladstone — and the Cabinet Office are in talks to do the same. Unsurprisingly this new wave of pets has left some departments feeling rather left out. In fact, those in the newly formed Department for Brexit are now keen for their own pet. However, rather than a mere cat they are after a… British bulldog. The thinking is that...

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BrexitCentral – new site launching to track the status of Brexit

Vote Leave chief Matthew Elliott is back at Business for Britain post-referendum, and Guido hears he will be setting up a new website called BrexitCentral. Former Lobby journalist Jonathan Isaby is leaving the Taxpayers’ Alliance to join as editor. It sounds like the site will offer plenty of comment and analysis – there is a gap in the market for some proper wonkish insight making sure Brexit means Brexit. Read the full details at Guido...

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Britons less gloomy about economy in August – poll

Britons turned less pessimistic about the economy in August than in July, an opinion poll showed, a latest sign that the short-term impact on consumers from the decision to quit the European Union may have been milder than expected. Forty-three percent of respondents in the Ipsos MORI poll expected the economy to worsen over the next year, down from 57 percent in July. The proportion expecting the economy to improve rose to 28 percent from 23 percent, the poll published on Thursday showed. Read the full article at...

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Economists, not the economy, are the only ones taking a battering from Brexit

There are queues outside the money exchanges as we desperately try and swap our worthless pounds for euros. The Red Cross are flying in food parcels. The IMF is arranging an emergency aid package, whilst house prices are in freefall and interest rates are soaring. If you cast your mind back only a few weeks, that was meant to be an accurate description of the British economy by now if we were crazy enough to vote to leave the European Union. That, however, is not how it has worked out. In fact, the economy is fine. It is the economists...

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Amazon steps up British investment, to create 1500 jobs

Online retailer Amazon said it would create 1,500 new jobs in 2017 when it opens a new distribution centre in Tilbury, south east England, maintaining its surge of investment in Britain. News of the investment follows Friday’s announcement that it will create 500 jobs when it opens a fulfilment centre in Doncaster, northern England, next year. Read the full article at...

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Norway hints it will now WELCOME Britain to EU trade club

NORWAY has performed a dramatic U-turn over its stance on Brexit and is now hinting it would welcome Britain to join an exclusive EU trade club. Oslo today significantly softened its stance on the UK becoming part of the European Free Trade Association (EFTA), after initially seeming to rule out British membership. The trade agreement is between Norway, Switzerland, Iceland and Liechtenstein, and allows all four to enjoy access to the lucrative single market. Read the full article at The Daily...

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IMF ‘clowns’ forced to admit Britain’s economy is GROWING despite predicting Brexit doom

BUNGLING International Monetary Fund officials have claimed Britain’s economy will grow faster than Germany’s and France’s just weeks after warning Brexit would have a “severe” impact on the economy. Officials are facing a humiliating climbdown after claiming Britain would face a recession if the country opted to leave the European Union. But now the IMF expects the British economy to grow by 1.7 per cent this year and 1.3 per cent in 2017. The forecast puts the UK’s economy as the second-fastest growing economy in 2016 among the G7 industrialised nations, second only to the US. The embarrassing backtrack...

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British shoppers defy Brexit shock as spending jumps in July

Shoppers in Britain shrugged off June’s shock Brexit vote as retail sales jumped by much more than expected last month, adding to signs there has been little immediate hit for consumers. Warm weather boosted clothes sales and the pound’s plunge tempted overseas buyers to splash out on luxury items such as watches and jewelry, official data showed on Thursday. These are the first official figures to shed light on how consumer demand has performed since the unexpected decision by voters to leave the European Union in the June 23 referendum. Read the full article at...

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UK households recover from Brexit hit to confidence on finances

British households have recovered from a loss of confidence about their finances after the country voted to leave the European Union, a survey showed on Wednesday, another sign consumers are taking the referendum result in their stride. Financial data firm Markit said its Household Finance Index for August reversed July’s plunge and edged above its level in June at 44.9, its highest reading in four months. “Concerns seem to have eased in line with the removal of some of the immediate political uncertainty arising from the shock referendum result, combined with a strong monetary policy response from the Bank...

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Wages up and unemployment down as Brexit Britain booms

BRITAIN’S jobless numbers fell, wages increased and out of work benefits dropped, in a triple whammy of positive news amid the vote to leave the European Union (EU), figures revealed today. Proving doom-mongers fears of economic disaster have been wrong, unemployment fell by 52,000 between April and June to 1.64 million to remain at a rate of just 4.9 per cent – the lowest since 2005 – figures from the Office for National Statistics (ONS) showed today. The last time there were fewer out of work Britons was between March and May 2008. At the same time, average total...

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Boosting our exports is key to Mayonomics

The 1970 election was lost, some thought, on the basis of Britain’s balance of payments. Labour had been comfortably ahead in the polls, but the surprise announcement of poor trade figures upended its campaign. A deficit of just £31 million helped bring down a government. Today, Britain has a balance of payments deficit of £32 billion. Of course, our economy has changed a lot in nearly five decades, and the balance of payments current account balance is no longer regarded as the premier index of national performance. But the deficit was only £664 million in the second quarter of 2011 and...

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FTSE 100 surges towards record 7,000 highs as Brexit boom continues

BRITAIN’S top stock index jumped again during Monday morning trading, reaching towards its highest ever levels, as investor confidence continues to surge following vote to leave the European Union (EU). The FTSE 100 was up by around 0.4 per cent at the start of the week to hover at a 14-month high of around 6940. Proving Brexit fearmongers who warned of economic meltdown were wrong, the bluechip index is now around 12 per cent higher than it was immediately before the referendum. Read the full article at The Daily...

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Brexit is ‘FULL STEAM AHEAD’ as Theresa May VOWS to get Britain out of the EU quickly

THERESA May is working “full steam ahead” to finish Brexit deals as fears mount that delays could lead to Britain being tied to the European Union for another three years. Brexit is the Prime Minister’s “top priority”, according to a Downing Street spokeswoman, as calls grow for Mrs May to trigger Article 50. But there are concerns that “chaotic” Whitehall civil service departments are woefully unprepared for the changes Britain’s divorce from Brussels would cause. City insiders said Whitehall staff would not be ready to trigger Article 50 for another 12 months. But prominent Eurosceptic Jacob Rees-Mogg has slammed...

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Every pound of EU funding to undergo ‘national interest’ test to ensure it benefits Britain

Every pound of European Union funding will undergo a “national interest” test to see whether it should continue in the wake of Brexit, a Cabinet minister has said in a letter. David Gauke, the Chief Secretary to the Treasury, said that Britain will only match EU funding after the country leaves the bloc if it can be proved to benefit the nation. It comes after Philip Hammond, the Chancellor, pledged that farmers, universities and some of the nation’s poorest regions will continue to receive billions of pounds worth of subsidies after Britain leaves the EU. Read the full article at...

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Brexit will wreck footie? Remain voters got it wrong

Sun columnist, Tony Parsons, explains why Remain voters claiming leaving the EU would destroy the Premier League couldn’t have been more wrong: WHEN I was a nipper, there were two days in the year that were glazed with magic – Christmas and the first day of the new football season. Even in my dotage, these two special days still get my blood pumping with excitement, anticipation and undiluted joy. The man who is tired of Christmas and the first day of the new football season is tired of life. So you can imagine my distress when we were solemnly...

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German President Joachim Gauck says “elites are not the problem, people are the problem”.

It is an unbelievable statement, but also a very revealing statement that shows just how arrogant and untouchable the Brussels elite ruling class believe they have become. In much the same fashion as teflon Hillary Clinton in the United States, the German political class is also under the impression that they are the chosen rulers of a peasant population that simply does not appreciate their benevolence and kindness to the sheeple masses. In a recent TV interview, German President Joachim Gauck said… “The elites are not the problem, the people are the problem.” Germans did not take kindly to...

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Betraying Brexit: the revolt of the elites against the people

Why is everyone so chilled out about the threats to Brexit? Why isn’t there more public fury over the plotting of lords and academics and experts to stymie Brexit and thwart the will of 17.4m people? In all the years I’ve been writing about politics, I cannot remember a time when democracy has been treated with as much disgust, with as much naked, Victorian-era elitism, as it is being today. And yet we’re all bizarrely mellow. We’re going about our business as if everything is normal, as if the elites aren’t right now, this very minute, in revolt against...

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Juncker’s secret plans to dictate to EU nations revealed

AN EU Commission stealth plan to dictate to member Governments how they should run their countries has been unearthed by Express.co.uk. And, as predicted by the Brexit campaign, it appears to be a thinly-veiled attempt by Commission president Jean-Claude Juncker to create a homogenised EU super-state. The plans were in place BEFORE Britain’s historic Brexit vote in June – but they were quietly buried so as not to alert British voters to the longer-term future of the EU. Juncker’s plans are being presented as a charter on social rights – but what they actually do is dictate wage structures...

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If Brexit isn’t delivered I’ll RETURN and DO IT MYSELF

NIGEL Farage has hinted he may return as Ukip leader and deliver Brexit himself if Theresa May and her government aren’t up to the job. Mr Farage stood down as party leader after orchestrating this summer’s European Union (EU) referendum result but has hinted at returning, if Prime Minister Theresa May continues to dither over activating Article 50. Triggering the article will being a two year process of negotiations before Britain officially leaves the 28-country bloc, but sources have revealed Mrs May may postpone doing so for several months. The new PM had been expected to trigger Article 50...

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‘Despicable pasty-faced b*****d!’ Farage BLASTS Osborne in Brexit slapdown

A FURIOUS Nigel Farage has described George Osborne as a “pasty-faced b*****d” in a stunning slapdown of the former Chancellor. The former Ukip leader also blasted him as “despicable” and a “weasel” and said he hoped Mr Osborne is never seen in public again. Ms Osborne campaigned for Britain to Remain in this summer’s in-out European Union referendum and was a main orchestrator of Project Fear’s economic scaremongering. Now, with Britain experiencing a Brexit boost with new investment opportunities and surging financial indexes, Mr Farage has given Mr Osborne both barrels. Read the full article at The Daily...

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Brexit could be delayed until end of 2019 – because of GERMAN AND FRENCH elections

BRITAIN may not leave the European Union for at least three years – because of delays caused by next year’s German and French elections. Senior sources have warned Prime Minister Theresa May may postpone her activation of Article 50, which will spark two years of formal negotiations before Britain officially withdraws form the 28-country bloc, until the end of next year. The PM was expected to kick-start the process in just five months. Her postponement is set to infuriate Leave voters who expected a prompt start to proceedings. A City of London source said next year’s parliamentary elections in...

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Tory rebels to demand Theresa May set a timetable for the UK’s EU departure

Theresa May is facing an ‘autumn ambush’ from Eurosceptic Tory MPs who fear that the UK is heading for ‘Brexit Lite’. Sceptics plan to launch at least two cross-party groups to pressure the Prime Minister into announcing a strict timetable for leaving the European Union, amid unease among Tory Brexiteers that Mrs May has failed to set out a clear ‘road map’ to the UK’s eventual break. But Ministers are trying to head off the protests by considering an early draft Brexit Bill which would formally repeal the country’s EU membership but only be implemented once final terms had...

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Brexit will be brilliant for business says top entrepreneur

ENTREPRENEUR Luke Johnson has said he will continue to pour millions into Britain’s businesses as he predicts the country will prosper outside the EU. Mr Johnson, who runs the French-style cafe chain Patisserie Valerie, added that Britain remains a “great country in which to do business”. The businessman, who is best known for his involvement with Pizza Express and is also a former chairman of Channel 4, gave a warning to those accused of talking down Britain’s economy following the referendum. The prominent Leave campaigner said the country needed to remain confident in its abilities. Read the full article...

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