With just over a month left until the end of the transition period of Britain leaving the EU, UK business secretary Alok Sharma has warned companies to act urgently to avoid their operations being interrupted.
“These are challenging times, but the transition period is ending on 31 December 2020 and there will be no extension,” Sharma said in a letter to businesses.
“The government will be there to help you to take advantage of the many new opportunities that being an independent trading nation will bring,” Sharma added.
Britain and the EU are still negotiating a potential trade deal but businesses will face extra paperwork regardless of whether the UK leaves with or without a deal. Read more…..
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Nobel laureate Paul Krugman says there is “mania” in the stock market as equities continue to rise. The New York Times columnist explains how job gains in May and June were a “blip,” adding policymakers tried to reopen the economy too soon. Krugman says he does not support additional stimulus checks or a universal basic income and claims the national debt is not near “a crisis point.”