UK: May's Brexit fudge – keeping the DUP happy, at what cost? On Monday 4 December, it was finally announced that a deal on phase one of the Brexit negotiations was about to be struck. The Financial Times lauded the Brexiteers' “surprising realism” in a negotiation described by one former head of the Treasury as more like a “drive-by shooting” than a negotiation.
Britain: “We are a threat” – Corbyn responds to the bankers Investment banking giant Morgan Stanley recently published a report that warned its clients about the possibility of a general election in 2018 and - in turn - of a Corbyn-led Labour victory. Such an outcome, the bankers described, would be a “worse threat to business than Brexit”.
An economic calamity facing Britain British capitalism is clearly in a parlous state. The miserable spurt of growth of a few years ago has completely run out of steam, leaving the UK in a disastrous position. All the economic forecasts from the top institutions for the coming period have been downgraded from those of a year ago.
