But her miserable showing in Thursday’s polls suggest that the same forces that produced Brexit have assailed the government that is supposed to execute it: Many Britons are dissatisfied with their economic lot. But over the same time, his usual assortment of groceries have soared from some £50 per week to more like £120. This, despite the fact that Britain’s unemployment rate dropped to 4.6 percent in April, a level last seen in 1975. A surfeit of global uncertainties — Brexit, President Trump’s threats to dismantle institutions at the heart of the global order — have perhaps made companies reluctant to add costs. The economy also faces the loss of top-dollar banking jobs as London’s status as a leading international financial center confronts the challenges posed by Brexit.

Source: New York Times June 12, 2017 00:56 UTC