tag UK economy

S&P Says UK Showing First Signs of Economic Slowdown

EghtesadOnline: Consumer borrowing and spending, which drove the UK economy in 2016, is slowing down. Both households and businesses are borrowing less, signaling an impending economic slowdown.
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Publish Date:09/March/2017 | 16:53

U.K. Retail-Sales Slump Hints at Cracks in Brexit Boom

EghtesadOnline: U.K. Chancellor of the Exchequer Philip Hammond told a Davos gathering on Friday that an inflation pickup will put a damper on consumers this year. The first signs may already be appearing.
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Publish Date:20/January/2017 | 13:09

U.K. Said to Seek to Calm Investors After May’s Brexit Speech

EghtesadOnline: The U.K. government is drawing up plans to try to reassure investors amid expectations that Prime Minister Theresa May’s long-awaited blueprint for Brexit will cause more market turmoil, according to two people familiar with the situation.
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Publish Date:16/January/2017 | 04:31

Carney Signals Higher Bank Buffer If U.K. Economy Holds Steady

EghtesadOnline: Bank of England Governor Mark Carney signaled he could raise banks’ capital requirements as early as this summer should the U.K. economy remain steady following the nation’s vote to leave the European Union.
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Publish Date:12/January/2017 | 06:18

Slumping pound to Cost UK Dearly

EghtesadOnline: The UK is set to crash down the table of the world's largest economies because of Brexit, a report claims. And an analysis by the Center for Economics and Business Research says the slump in the value of the pound will take its toll on the country's economic growth.
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Publish Date:27/December/2016 | 10:25

London House Prices Forecast to Plunge as Brexit Chokes Market

EghtesadOnline: London property prices are set to fall next year as uncertainty about Britain’s exit from the European Union damps the U.K. housing market, according to the Centre for Economics and Business Research.
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Publish Date:28/October/2016 | 16:08

British banks preparing to leave UK over Brexit: Observer

EghtesadOnline: Britain's biggest banks are preparing to move out of the country in early 2017 because of fears over the impending Brexit negotiations, while smaller banks are making plans to leave before Christmas, the chief executive of the British Bankers' Association Anthony Browne said.
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Publish Date:23/October/2016 | 08:51

UK firms expect output surge in late 2016 despite Brexit vote: CBI

EghtesadOnline: British companies expect a surge in output in the final quarter of the year despite a slowdown in the three months to September, a survey showed, the latest sign that the country's economy is largely coping with the shock vote to leave the European Union.
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Publish Date:02/October/2016 | 04:58

European firms offer Britain scant support in divorce talks

EghtesadOnline: More than 20 European business associations and companies interviewed by Reuters say they back their governments' position that Britain's banking sector can only enjoy EU market access post-Brexit if the country still follows the bloc's rules.
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Publish Date:26/September/2016 | 07:47

UK households' view on finances unchanged after Brexit shock

EghtesadOnline: British households' expectations about their personal finances held steady in September, a survey showed on Wednesday, another sign that consumers so far have been largely unperturbed by the country's vote to leave the European Union.
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Publish Date:21/September/2016 | 11:21

Pound Reverses Decline as U.K. Economy Grows More Than Forecast

EghtesadOnline: The pound strengthened, reversing an earlier decline against the dollar, after data showed the U.K. economy expanded more than forecast in the third quarter, reinforcing expectations that the Bank of England will raise interest rates next week.
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Publish Date:25/October/2017 | 13:26

Soros Says Markets to Slump With Trump, EU Faces Disintegration

EghtesadOnline: It’s tough to be gloomier than billionaire George Soros right now. America has elected a would-be dictator as president, the European Union is disintegrating, U.K. Prime Minister Theresa May won’t last long as her nation prepares to secede from the EU, and China is poised to become an even more repressive society, the investor told Bloomberg Television’s Francine Lacqua from the World Economic Forum in Davos.
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Publish Date:20/January/2017 | 11:33

PM May says to be 'unashamedly pro-business' as UK leaves EU

EghtesadOnline: The British government will be "unashamedly pro-business" as it seeks to forge the country's future role outside the European Union, but business must also act responsibly, Prime Minister Theresa May will say on Monday.
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Publish Date:14/November/2016 | 06:03