Brexit notes that there has been bear-ly any action and wonders if MPs hibernate too.
12 Apr 2019
Look what you get:
Growth stalled in the first three months of 2019 as the services sector contracted in March for the first time in two-and-a-half years. The purchasing managers' index from IHS Markit/CIPS fell to 48.9 in March from 51.3 in February, below forecasts. It is the first time the index has fallen below 50 since July 2016, immediately after the UK voted to leave the European Union.
Look what you are missing:
The European Commission has ruled that a tax scheme introduced in 2012 by then - chancellor George Osborne gave illegal tax breaks to some multinational companies. Officials say the scheme “unduly exempted certain multinational groups from… UK rules targeting tax avoidance”. Margrethe Vestager, competition and policy boss for the European Commission, said a probe into the Group Financing Exemption found that the UK “gave certain multinationals a selective advantage by granting them an unjustified exemption from UK anti–tax avoidance rules. This is illegal under EU State aid rules. The UK must now recover the undue tax benefits.”
Our elected representatives have the answer: further inaction:
The head of the IMF, Christine Lagarde, has said that further uncertainty over Brexit will hinder growth in the UK economy. Speaking ahead of the agreement of an extension to Article 50, Ms Lagarde warned that any prolonged uncertainty would have a “negative impact”. Her comments were followed by a lukewarm welcome from business lobby groups in the UK, who said extended uncertainty meant companies would likely persist with curbing investments.