The United Kingdom looks towards Australia to forge a new trade agreement, useful to overcome Brexit. The first Australian minister, Malcolm Turnbull, told the new British colleague, Theresa May, who would like to see the two countries enter into a free trade agreement as soon as possible, after the UK vote on the output from the EU, as also reported by office of the same May.
Theresa May, 59-year-old, is in fact the new prime minister of the UK, although the task will be delivered only in October when David Cameron will step down formally in the hands of Queen Elizabeth.
Within a few months as well, the British island will have its second female Prime Minister and once again the conservative extraction, after ten years of Margaret Thatcher.
British Finance Minister Osborne went to the US to meet with major investors on Wall Street, to discuss the future of Brexit statégie to vote, as stated in the note of his office. "While Britain’s decision to leave the EU clearly presents economic challenges, we now have to do everything we can to make the UK the most attractive place in the world to do business," Osborne, who backed staying in the EU, said in a statement .
The vote on Brexit will curb the British economic growth because of its effects on confidence even if the increased risk resulting outcome of the referendum is a political contagion among the EU countries.
It is the opinion of Moody’s, which reduced its estimates for growth in the UK to 1.5% for 2016 and 1.2% for 2017, from the previous forecast of 1.8% and 2.1%.
Fitch sends a warning to Europe and the United Kingdom, that in the aftermath of Brexit have already begun negotiations to regulate future trade relations, beyond the official statements.
The rating agency, in an article by analysts, said that "the negotiations will last longer, it will be worse" for both sides, showing "weak positions" and are affected by the political uncertainty and the risk of food populist positions in other European countries. "The time is crucial for both the United Kingdom, to see materialize the benefits highlighted by supporters of Brexit, both for the European Union, which risks delaying the laborious process of integration.
The Brexit "will have an impact, is already having an impact in virtually all countries, for transmission chains of the financial markets, interest rates, stock market prices, currency values, spreads, decisions on jobs, but above all, it will have a major impact on Britain. "
This was stated by the Secretary General of OECD, Angel Gurria, during a press conference, stressing that "We’re at almost 10 years after the onset of the financial crisis and large numbers of people are willing to vote for some vision of change", OECD Secretary General Angel Gurria said in an interview in Paris, his first since the Brexit vote. "You just have to look around to see the fragmentation of political systems."
The Bank of England will probably wait until August before working to appease the effects of the British decision to leave the European Union and the pound will suffer again in a decisive manner.
They are the results of two surveys conducted by Reuters after the central bank governor Mark Carney spoke to a real risk of a slowdown for the UK economy as a result of the earthquake and Brexit urged banks to continue giving credit .
The stop to the repayments of the British Real Estate funds is spread in a domino effect that seems, at the moment, unstoppable. After Standard Life, it was the turn of Aviva and then, in the late afternoon of a difficult day for securities listed in the Real Estate, M & G headed by the Prudential Group. The threat now hangs over all the giants of the City investing in bricks and mortar. Commercial, for the moment at least.
