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No-deal Brexit would push borrowing above £100bn, IFS warns

No-deal Brexit would push borrowing above £100bn, IFS warns

Business
A no-deal Brexit would see government borrowing rise to almost £100bn a year and overall debt reaching levels not seen since the 1960s, a leading economic think-tank has warned.Analysis by the Institute for Fiscal Studies (IFS) predicted a mini-boom in public spending, funded by the extra borrowing, to help soften the blow if the UK crashes out of Europe without a deal. But the boom would likely be followed by bust as the government struggles to cope with the consequences of a smaller economy and higher debt on its funding of public services, the IFS said.The findings were published in the think-tank's "green budget" setting out the issues likely to be facing the chancellor Sajid Javid as he prepares his first budget.It also contained analysis from economists at the global investment bank
‘Russian-made missile’ explodes above Northern Cyprus villages

‘Russian-made missile’ explodes above Northern Cyprus villages

World
A suspected Russian-made missile has landed in Northern Cyprus, exploding in the air above a series of villages, according to officials.It is thought the missile may be part of an air defence system fired from Syria in response to an air attack by Israel. Turkish Cypriot foreign minister Kudret Ozersay said early analysis suggested it could a Russian-made S-200 anti aircraft missile after debris from the object came down on a mountainside north of the capital North Nicosia overnight.Mr Ozersay said in a Facebook post: "The first assessment is that a Russian-made missile, part of the air defence system, which was part of the air defence system that took place last night in the face of an airstrike against Syria, completed its range and fell into our country after it missed."The explosion is...

CMP Dividend Yield Pushes Above 5%

Finance
[unable to retrieve full-text content]Looking at the universe of stocks we cover at Dividend Channel in trading on Wednesday shares of Compass Minerals International Inc Symbol CMP were yielding above the 5 mark based on its quarterly dividend annualized to 2 88 with the stock changing hands as low as 57 08 on the Latest Articles in