“With Brexit stuck in stalemate, this only means growing damage today and a weaker economy tomorrow. Growth is at a near standstill and investment is evaporating; the economy is undoubtedly slowing down," said CBI's chief economist Rain Newton-Smith."The specter of no deal is holding them back from investing in new factories, new overseas markets and new jobs."
Usually, all of his crop would have been bought up by now, even before all his fields have been planted. But not this year. Demand has dropped off and he is pondering how much land to leave fallow. Jack Watts, chief combinable crops adviser for the National Farmers’ Union, said the uncertainty is affecting many crops beyond barley."All this uncertainty has implications on the 2020 crop," he said."Typically farming would be looking to get contracts on board now."
But that doesn't help importers making decisions now on future purchases or exporters who don't know what trade terms other countries will apply.
The combination of Murdoch's Disease and corporate neoliberal globalism have ruined the governments of Australia, the USA and Britain, by destroying the informed electorate and stripping the people of their ability to solve the nation's pressing problems.
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Source: CNBC - 🏆 12. / 72 Read more »
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