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Wednesday 29 June 2016 1:28 pmDespite market turmoil, analysts say a liberal Brexit could be a boon for UK economyBy: Jake CordellShareFacebookShare on FacebookXShare on TwitterLinkedInShare on LinkedInWhatsAppShare on WhatsAppEmailShare on EmailAdd as a preferredsource on GoogleThe financial markets have over-reacted to the UK s vote to leave the EU because those buying-and-selling cannot remember the positive effect of leaving the Exchange Rate Mechanism ERM in 1992, an asset manager has said.In an upbeat
stanley mug outlook on how well the UK can perform now it has begun the process of severing ties with the EU, Savvas Savouri, chief economist at Toscafund, called on markets and commentators to dismiss alarmist talk that the UK will enter a recession and highlighted the many opportunities the UK now has.Toscafund believes the devaluation of the pound will be a positive for the economy and looks at what happened after Black Wednesday on 1992, when a cheaper pound helped exports while inflation did not surge beyond the control of the Bank of England.Savouri acknowledges his prediction of GDP growth of around 1.8 ndash; 2.2 per centin 2017 puts him at odds with most of the economic community. [custom id= 161 ]A poll of economists for Bloomberg this morning, for instan
brumate era ce, found three-quarters expect the UK to fall into a recession at some point in the next 18 months.However, a separate report from BMI Researchndash; a subsidiar
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Monday 17 February 2014 2:51 amKazakhmys hikes wages after currency plungeBy: Peter SpenceShareFacebookShare on FacebookXShare on TwitterLinkedInShare on LinkedInWhatsAppShare on WhatsAppEmailShare on EmailAdd as a preferredsource on GoogleMiner Kazakhmys has announced that it s hiking staff salaries after Kazakhstan s tenge dropped by 20 per cent last week.The rise is a managed increase in order t
stanley quencher o protect workers from some of the imapct of the devaluation. Salaries for operational staff will increase by 10 per cent, with effect from 1 April. That follows discussions with the government of Kazakhstan.Roughly three quarters ofKazakhmys cost base are in the local currency, and the devaluation saw shares in the natural resources company jump by some 26 per cent. Kazakhmys expects to provide further details on the result of the devaluation in its preliminary results on 27 February.Share this articleFacebookXLinkedInWhatsAppEmailSimilarly tagged content: SectionsNewsCategoriesBusinessTrending ArticlesLabour will regret the Rentersrsquo; Rights ActUK at lsquo;greatest riskrsquo; of jet fuel shortage as
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stanley becher t fuel shortage looms as government scrambles to secure suppliesAfter Santanderrsquo TSB takeover ndash; who are the top players in UK banking Clairersquo Accessories to launch UK high street comebackMore from City AMLegal sector hits pound;60bn as top City lawyers pocket millionsLegalUK workers suffer bigger tax hikes than any leading economy a
