Britain’sIpic.twitter.com/SlHHQLrOizGrowthhttps://t.co/iDwJgX0Gqrflightspic.twitter.com/fwl0Kcol7S 8.15am BSTFollowing Monarch’s collapse at 4am,the Civil Aviation Authority is now conducting the “biggest ever peacetime repatriation” in UK history.
Two flights from Ibiza bear already landed this morning, at Gatwick and Birmingham, and but that still leaves over 100000 people abroad. We are securing over 30 aircraft to fly 110000 people back to the UK at no cost to them. #Monarch pic.twitter.com/kS1S5kN51p 8.10am BSTAnyone who arrives at a UK airport hoping to fly with Monarch Airlines will be disappointed nowadays: Related: Q&A: Monarch Airlines has shut down – what happens next? 8.07am BSTUK manufacturers fear they could lose £17bn per year in European sales whether Britain leaves the EU under a ‘Hard Brexit’.
That’s according to a new report from top law firm Baker McKenzie,which examines the implications of Britain defaulting to World Trade Organisation rules.“These figures indicate the extent to which the UK’s key manufacturing sectors are likely to be hit by the impact of a hard Brexit.
You can understand why there is now mounting pressure for the UK to negotiate new customs arrangements for post Brexit trade with the EU and for companies to work with their industry groups to help shape future trading relations with the EU.”“We bear heard a lot approximately how much Europe exports to the UK, for example, or in the automotive sector.“That may be dependable in numerical terms,but when you behold at this as a percentage of their trade, you can clearly see that the EU exports a lot more broadly, and to a whole host of other markets,and consequently, it is far less dependant on the UK as a market than the UK is on it. This will bear meaningful implications for upcoming negotiations.” 7.48am BSTGood morning, or welcome to our rolling coverage of the world economy,the financial markets, the eurozone and commerce.nowadays we discover how Britain’s factories performed final month, or as data firm IHS Markit publishes its health check on manufacturers across the globe.
The pound will be making headlines as well as the PMI figures from all 3 sectors of the domestic economy are pending for release over the next few days.nowadays the release of the Manufacturing figures will set the stage and analysts are expecting a softer reading which could dampen expectations for a stronger pound in October. The British currency saw a strong performance during September following renewed bullishness from the Bank of England that suggested that a higher interest rate policy might be needed to arrest the rallying inflation.“We are putting together,at very short notice and for a period of two weeks, what is effectively one of the UK’s largest airlines to manage this task. The scale and challenge of this operation means that some disruption is inevitable. We ask customers to bear with us as we work around the clock to bring everyone home.” Related: Monarch Airlines flights cancelled as airline goes into administration Related: Catalan referendum: preliminary results show 90% in favour of independence Continue reading...
Source: theguardian.com