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2
Aug
2016

The growth rate of the global manufacturing sector improved at the start of the third quarter with expansions in output and new orders during July, leading to a small increase in employment for the first time in six months. However, the recent economic signalls are mixed for the US, UK and the Euro Area.

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25
Jul
2016

The Observer newspaper reported on Sunday that "Senior British and EU sources have confirmed that despite strong initial resistance from French president François Hollande in talks with prime minister Theresa May last week, the idea of an emergency brake on the free movement of people that would go far further than the one David Cameron negotiated before the Brexit referendum is being examined." However Brexiters should be scared by current EU-Swiss talks on market access.

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14
Jun
2016

The Brexit campaign for the UK to leave the European Union is driven by emotion, in particular dislike of foreigners and a fantasy notion of modern state sovereignty. While there is evidence that people are ignorant of the facts on migration, there is no evidence that being aware of them would change existing views. Older people tend to be strongly opposed to immigration and Ipos-MORI has found that White opposition is greatest in the least ethnically diverse areas.

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25
May
2016
25
May
2016

According to EY's 2016 European attractiveness survey, foreign direct investment (FDI) into Europe hit a record high with 5,083 FDI projects in 2015 (up by 14% year-on-year), leading to the creation of 217,666 new jobs (+17%). However, polling of investor intentions reflect Brexit fears with just 36% of the international companies it interviewed now felt the UK would become more attractive as an investment destination over the next three years, sharply down from 54% last year.

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15
Apr
2016

George Osborne, UK chancellor of the exchequer, on Thursday unveiled what he termed "a ground-breaking international deal" to automatically share information on the ultimate owners of companies with key EU allies, making it more difficult for firms to dodge tax or funnel corrupt funds.

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11
Apr
2016

Wolfgang Schäuble, Germany's powerful finance minister, last Friday called for the ECB to raise interest rates but the Organisation of Economic Cooperation and Development (OECD) in its latest survey of Germany, said the government had failed to take advantage of cheap borrowing costs to boost investment that is essential to longer-term economic growth.

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24
Mar
2016

The German government on Wednesday approved a draft budget for 2017 to 2020 and despite the arrival of over 1m refugees and migrants last year, budget surpluses are forecast for every year while €31bn in higher spending is provided for immigration services, security and infrastructure without having to borrow more money in the 3 years to 2020.

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22
Mar
2016

A decision for the UK to exit the European Union ('Brexit') would result in prolonged uncertainty and would be credit negative for UK-based companies such as the car, manufacturing, food and beverage, and service sectors, Moody's Investors Service said Monday. Many companies would likely curb investments until the implications of a Brexit become clear for trade, investment, regulations and labour costs were clear while the UK's Aa1 credit rating would be at risk. There would also likely be EU tariffs on some imports to the EU until final permanent arrangements were negotiated.

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16
Mar
2016

In 1986 Sir Robert Armstrong, UK Cabinet Secretary, used a euphemism for lying that had its origin in 1796 — "economical with the truth" — during a court case in Australia on the British government's request for a ban on a book by a former spy. Representatives of Apple and Google, at a meeting of a tax committee of the European Parliament in Brussels Tuesday, made emphatic statements about paying taxes but they were short of the full truth.

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