Javid to loosen fiscal policy, economy has poor start to Q3

It came as no surprise that Boris Johnson became the UK’s new Prime Minister this week. And in his first speech in Parliament on Thursday there was no sign of him rowing back on his campaign pledges for the UK to leave the EU on 31st October, ideally with a deal (as long as there is no Irish backstop) but without if necessary. He also reiterated his pledges to cut taxes and to raise spending on healthcare, education and the police.