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‘Brexit could cost UK aerospace $2 billion’

Bloomberg Britain’s exit from the European Union could cost the UK aerospace industry 1.5 billion pounds ($2 billion) in extra customs expenses, the sector’s national lobby group said in a submission to lawmakers. The sum would come from “increased checks at the border” if British and EU processes do not remain harmonised, ADS Group said in evidence to Parliament’s Business, ...

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Christmas spend not to be spared from UK consumers

Bloomberg Inflation might be the Grinch that steals Christmas in Britain this year. UK household expenditure is set to fall 0.1 percent from a year earlier during the holidays, according to a report by Visa and IHS Markit published on Monday. The slump will likely emerge as a result of faster price growth and the resulting pinch on incomes. The ...

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Drug companies mull over idea of Amazon pharmacy

Bloomberg The market is buzzing with speculation that Amazon.com Inc. will enter the pharmacy business. Some drugmakers are just fine with changes the tech retail giant might bring to the complex market. Drug companies say getting medicine into patients’ hands is complicated and costly. Some have pointed to the multiple layers of middlemen including insurers, pharmacy benefit managers, distributors and ...

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