Six developments for the Brexit economy this week
Hammond’s downbeat Autumn Statement gave a first glimpse of Brexit’s economic impact, but pro-Brexit and Remain MPs fight over forecasts.
Brexit to raise government borrowing by £226m/week
Boris Johnson et al falsely promised we’d get £350m/week from quitting EU. First official figures since referendum show borrowing rising.
Comment
Brexit is the ghost at Hammond’s feast
Rising inflation, slowing growth, falling real wages and an "eye-wateringly large" debt are a political as well as economic problem.
6 pieces of economic news this week
As Hammond prepares for his maiden Autumn Statement there were snippets of good news for the economy, but a £100bn budget black hole looms.