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What is it that, when the inevitable short term consequences of Brexit – companies leaving, investment plans abandoned, GDP contracting, the Union shattered – are followed by having to negotiate individually with 26 EU countries and the rest of the world, deprived of the clout of the EU (with each country insisting on freedom of entry for its citizens), we will be able to do that we can't do now?

(Acrylics by VK)

A rather precient sign? The VAT reduction has now gone, of course, but will the Best Before date prove telling?

Walking with Mac

 

Mac's footsteps lead to my favourite pub.

 

Buy the time I have bought the beer Mac is already at his favourite table and is busy stroking his tablet. As I put the pint glasses on their beer-mats Mac grunts and continues to stroke with nimble fingers and ever-increasing urgency.

 

I wait quietly nursing my own thoughts.

 

The result of Mac's effort is anti-climactic. With a shrug of his shoulders he mutters: "Too much information. Too many weasel words."

 

I take this as an invitation to silence, and continue to wonder what that moral philosopher of the capitalist enterprise Adam Smith would think of of Moody's downgrading of our nation's political economy.

 

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The UK economy has taken a hit lately but how is it fairing compared to the US, Europe, Japan and Russia?

Statue of Ariel, Bank of England, Tivoli Corner, City of London

The City, London.

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LoanTube collates important news about finance and economy of the United Kingdom. Browse to read and stay on top of your finances.

Data from industry body of UK Finance showed that the number of approval for mortgages has reached one of its highest levels in the past two years in June. However, credit card lending grew at a sluggish pace.

 

Read the weekly news digest by LoanTube to stay up-to-date with the latest financial happenings of the United Kingdom. Explore here: www.loantube.com/…/finance-news-22nd-july-28th-july/

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Birmingham is the Payday Loan capital of the United Kingdom with Manchester bagging the second rank. #Discover insights, facts, and figures of personal loans in Manchester here:

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A personal loan is the most popular form of borrowing in London. During 2017-18, 796,202 Londoners took out loans valuing £218,209,899. Discover more statistics and insights on Personal Loans in London here: www.loantube.com/guides/personal-loans-london/

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Missed last week & news? Couldn't get time to read the newspapers? Catch the latest happenings of the UK finance industry here.

 

Missing out on news? Explore this finance news snippets collated by LoanTube in an easy-to-read format. ⭐Financial News Snippets ⭐Weekly news digest

 

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