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29th Mar 2024

Ticker

UK households hit with Brexit income loss

Households in the UK have lost around €1,025 in real income each as a result of Brexit, said Bank of England governor Mark Carney. "Real household incomes are about £900 [€1,025] per household lower than we forecast in May of 2016, which is a lot of money," he told UK Treasury Committee on Tuesday. He said Brexit has knocked off some €45bn from the British economy.

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Opinion

EU Modernisation Fund: an open door for fossil gas in Romania

Among the largest sources of financing for energy transition of central and eastern European countries, the €60bn Modernisation Fund remains far from the public eye. And perhaps that's one reason it is often used for financing fossil gas projects.

'Swiftly dial back' interest rates, ECB told

Italian central banker Piero Cipollone in his first monetary policy speech since joining the ECB's board in November, said that the bank should be ready to "swiftly dial back our restrictive monetary policy stance."

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