SHARE THIS ARTICLE Share Tweet Post Email Sign up to our Brexit Bulletin newsletter and follow us @Brexit. The threat of a no-deal Brexit is back -- and with it the risk that the U.K. economy’s shaky recovery from the coronavirus pandemic will be hobbled. As British and European Union negotiators head into the last round of talks scheduled before a key summit this month, chances are growing that the U.K. will end the post-Brexit transition period on Dec. 31 without a free trade agreement in...

SHARE THIS ARTICLE Share Tweet Post Email Nafta negotiations are weighing on companies’ investment plans and both Canada and the U.S. are hoping to make rapid progress in talks, according to Canadian Finance Minister Bill Morneau. “There are some businesses that are being cautious in investments because there is an expectation that Nafta could be slightly different tomorrow than it was yesterday,” Morneau said Monday in London. “What’s been clear from the American standpoint is they are...

LISTEN TO ARTICLE 2:56 SHARE THIS ARTICLE Share Tweet Post Email Mark Carney said the conflict of managing Brexit-induced inflation against slower economic growth is becoming more straightforward. “As slack in the economy has been taken out, we’ve moved into a more conventional area for monetary policy where the focus is increasingly on returning inflation sustainably to target over an appropriate horizon,” the Bank of England governor told the House of Lords Economic Affairs Committee on...

SHARE THIS ARTICLE Share Tweet Post Email Photographer: Chris J. Ratcliffe/Bloomberg Consumer spending recovered slightly in January after a dismal holiday season, though British households are still wary because of Brexit. KPMG said that retail sales grew 2.2 percent last month, up from the slowest growth in a decade in December. Figures from Barclaycard also showed consumer spending grew 2.9 percent after a previous decline. It had dipped in December as shoppers brought forward gift...

The price the U.K. is paying for the coronavirus lockdown is becoming clearer as output shrinks at the fastest pace in decades and the government rolls out a borrowing plan that dwarfs the response to the global financial crisis. The outlook for jobs is "horrendous" and the contraction could become the worst in several centuries, current and former Bank of England policymakers said on Thursday. A quarter of the labor market is already effectively out of work, and the government's rescue...