Macroeconomics: UK economy, IB Economics
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Macroeconomics: UK economy, IB Economics
A brief overview of relevant articles for IB and A-Level all relating to the UK economy
Curated by Graham Watson
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Business leaders react with dismay to Brexit 'circus' | Politics | The Guardian

Business leaders react with dismay to Brexit 'circus' | Politics | The Guardian | Macroeconomics: UK economy, IB Economics | Scoop.it
CBI’s Carolyn Fairbairn says ‘a new approach is needed … jobs and livelihoods depend on it’
Graham Watson's insight:

More reaction to the Brexit farce...

 

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Brexit: Seaborne Freight no-deal ferry contract scrapped

Brexit: Seaborne Freight no-deal ferry contract scrapped | Macroeconomics: UK economy, IB Economics | Scoop.it
The government says it has ended a controversial contract with a ferry company that had no ships.
Graham Watson's insight:

I'm sure that Brexit, the play - a farce, presumably, perhaps subtitled "Oops, Mrs.May There Go My Bloomers" - has already been written. However, this little sub-plot must surely be included.

 

The contract with Seaborne Freight, a company with no ferries, to provide ferries from Ramsgate, in the aftermath of Brexit has been cancelled, because its Irish backer, Arklow Shipping has withdrawn its support. Who could have predicted this? 

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Ramsgate 'can not be ready' for Brexit ferries

Ramsgate 'can not be ready' for Brexit ferries | Macroeconomics: UK economy, IB Economics | Scoop.it
The councillor for the harbour area says the port will not have the facilities for planned cargo freight.
Graham Watson's insight:

I'd love to say that you couldn't invent this; alas, I'd be wrong. It's an all too common feature of Brexit discussion these days. However, it appears that Ramsgate isn't open for business according to the councillor for the harbour area. 

 

Well worth spending £13.8 million on ferries from a company - currently without ferries - and seemingly better-suited to delivering takeaway food. 

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Government sued over no-deal ferry contracts

Government sued over no-deal ferry contracts | Macroeconomics: UK economy, IB Economics | Scoop.it
Eurotunnel says the contracts were decided in a "secretive and flawed procurement process".
Graham Watson's insight:

One for the Brexit file - under 'F' for ferries. Or farce.

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Brexit: Budget cuts threaten Ramsgate ferry plan

Brexit: Budget cuts threaten Ramsgate ferry plan | Macroeconomics: UK economy, IB Economics | Scoop.it
A council's proposed budget cuts puts Seaborne's planned Ramsgate to Ostend ferry service at risk.
Graham Watson's insight:

There are some aspects of Brexit that defy explanation: this is one.

 

Apparently, the decision of Thanet council about spending cuts has implications for the future of Ramsgate as a ferry hub for services to Ostend. That £13.8m contract with Seaborne Freight, who themselves own no ferries, looks like a stroke of genius in this light.

 

Government failure?

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May to float third Brexit customs model at Chequers meeting | Politics | The Guardian

May to float third Brexit customs model at Chequers meeting | Politics | The Guardian | Macroeconomics: UK economy, IB Economics | Scoop.it
PM expected to ask ministers to choose between Norway-style partnership and Canada-style trade deal
Graham Watson's insight:

Good luck with this, Prime Miinster. 

 

Just remember that the word "compromise" means a solution that satisfies nobody. 

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