UK finances forecast to suffer under most forms of Brexit

Cost of leaving EU will also impede new policy initiatives, thinktank’s report says

Most forms of Brexit will worsen the country’s finances and reduce space for new initiatives to address child poverty, social care and left-behind communities that some argue drove the Brexit vote, a report has found.

Academics at the UK in a Changing Europe thinktank found a positive outcome depended on politicians being able to move on from the Brexit impasse and focus on longer-term challenges including productivity, regional imbalances and democratic reform.

Related: UK heading for no-deal Brexit on 31 October, EU leaders conclude

Continue reading…

China will not allow G20 to discuss Hong Kong, says foreign minister

Foreign powers have no right to interfere in ‘internal affair’, says Zhang Jun, as Beijing also calls for trade compromise

China has said it will not allow the G20 nations to discuss the Hong Kong issue at its summit this week, assistant foreign minister Zhang Jun said on Monday.

Millions of people demonstrated on the streets of the city this month against a bill that would allow people to be extradited to the mainland to face trial in courts controlled by the Communist party.

Related: Hong Kong’s elite fear extradition law could harm their reputation

What is the proposed extradition law?

Related: Forget China – it’s America’s own economic system that’s broken | Robert Reich

Continue reading…