Brexit brings on inflation fears while Remain camp protests
Barometer of consumer confidence falls by 2 points in Oct on pessimism about the economy over the next year
London
Fears of inflation and relentless fear mongering from political and business leaders, who wish to remain in the European Union, have dampened UK consumer confidence.
Adding to the worries, there is growing market speculation that Mark Carney, governor of the Bank of England will resign in coming weeks. Mr Carney who has been accused of politicisation due to acute pessimism about the UK economy ahead of the Brexit referendum, is due to decide whether he will leave in 2018.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
International
Saudi Arabia hikes oil selling prices for all grades to Asia
Slowing global economy to mean smaller revenue bump in Australian budget
Emerging-market optimism dashed by Fed as currencies, bonds sink
France’s Macron set to press China’s Xi on trade, Ukraine
Israeli Cabinet votes to shut down Al Jazeera’s local operations
Ukraine eases some wartime capital controls for businesses