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Britain’s May seeks to relieve Brexit fears at new business council
Britain’s Prime Minister Theresa May is going to chair a discussion on Brexit as well as the national economy at the first gathering of a new business council scheduled on Thursday, in an attempt to rebuild bridges with companies concerned over the UK’s departure from the EU.
Having lost the governing Conservatives' parliamentary majority at an ill-judged election the previous month, Theresa May has stepped up engaging with business after some companies criticized her government for inability to address their concerns over Brexit.
A great number of companies have urged the authority to push the EU to agree a lengthy and clear transitional arrangement after the United Kingdom leaves the European bloc in 2019 to assist them in making investment decisions.
The gathering points to a shift for May, whose ex-aides had intended to break what they actually felt was an overly cozy relationship between big business and the government before her was reduced due to the June election.
In July, Britain's inflation rate rallied for the first time in 2018, thus leaving many UK households feeling quite squeezed by prices, soaring at nearly the same tempo as their wages…
On Friday, the evergreen buck rallied versus its counterparts after data disclosed that the American economy generated more jobs than anticipated In October, thus backing the Fed’s case to proceed with gradual rate lifts…
On Tuesday, gold rallied because uncertainty over the latest developments in Britain’s departure from the EU backed safe haven demand and traders looked ahead for American inflation data to underpin the Fed’s pledge to remain on hold…