Bloomberg Customs checks at the border after the UK leaves the European Union could cost 1 billion pounds ($1.3 billion) a year and cause delays for goods being shipped in both directions, according to a report by Oxera, an economic consultancy. The estimate assumes low regulation but high levels of enforcement and is based on World Trade Organization data on …

Bloomberg Consumer credit growth slowed in June after the Bank of England officials took action to limit areas of risk from borrowing. Unsecured lending rose 10 percent from a year earlier, the least in more than a year, the UK central bank said on Monday. It grew 1.5 billion pounds on the month The BOE in June responded to the …

Bloomberg The world’s biggest corn exporters are preparing for a showdown. Brazilian farmers are in the midst of collecting their biggest corn harvest ever and American supplies are also plentiful — setting the stage for a stiff battle to win world buyers in the second half of the year. It’s a turnaround from just a year ago when US exporters …