More than £20bn was wiped off the value of the FTSE 100 this morning as investors turned increasingly nervous about a leave vote on 23 June.
George Osborne has delivered his eighth Budget as chancellor, where he announced reforms including a further £3.5bn cuts with the backdrop of an economy in significantly worse shape than he predicted in his Autumn Statement.
Shares in London, Berlin, and elsewhere have partly rebounded from yesterday’s losses despite further losses in China.
The number of unemployed people in the UK rose to 1.85 million for the period of April to June, a rise of 25,000 from the previous quarter.
Britain’s has a productivity problem. Its relative standing in the international league tables has been in decline since the 1870s when it was in pole position. But the big change was in the 1970s when most Western European countries overtook us.