UK economy
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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…
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U.K. Brexit Concerns Increase as Businesses Fret About Economy
EghtesadOnline: U.K. companies are getting more worried about the economy and feeling less confident in spending money on hiring or investing, according to a new report.
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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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UK manufacturing jump shows economy ended 2016 strongly despite Brexit vote
EghtesadOnline: British manufacturing grew more strongly than expected in December, showing the economy remained resilient to the end of the year despite June's Brexit vote shock, although 2017…
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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…
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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…
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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…
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Britain may change 'economic model' if shut out of EU single market: Hammond
EghtesadOnline: Britain could change its economic model to regain competitiveness if it were to leave the European Union without an agreement on market access, British finance minister Phillip…
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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…
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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…
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British companies absorb Brexit shock, get on with business for 2017
EghtesadOnline: Richard Bunce says he felt sick when voters decided to take Britain out of the European Union in June, forcing him into a emergency review of his firm's expansion plans.
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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…
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UK businesses report stronger activity in three months to October: CBI
EghtesadOnline: British businesses reported stronger activity in the three months to October after an initial slowdown following June's vote to leave the European Union, the Confederation of…
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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…
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Flight of financial activity from UK likely in 'hard Brexit': ECB's Lane
EghtesadOnline: There is likely to be a significant flight of financial activity out of Britain if companies are no longer regulated on equivalent terms to those in the European Union after Brexit,…
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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…
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London Is Becoming the U.K.’s Laggard in the Housing Market
EghtesadOnline: London property is dropping in the price-growth rankings and is at risk of becoming the U.K.’s worst-performing region.
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London Home Prices Fall for Fifth Month, Worst Streak Since 2009
EghtesadOnline: London house prices fell for a fifth month in August, the worst streak for the U.K. capital since the depths of the recession seven years ago.
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Rude Awakening in the U.K. Over Brexit Cost Sends Pound Down
EghtesadOnline: It dawned on investors this week that when it comes to quitting the European Union, safeguarding the economy isn’t Prime Minister Theresa May’s top priority.
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Pound Tumbles to Three-Decade Low as Angst Over Brexit Persists
EghtesadOnline: The pound dropped to a three-decade low against the dollar amid mounting investor concern that the U.K. is heading for a so-called hard Brexit.
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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…
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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…
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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…
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British businesses 'lazy and fat', pro-Brexit trade minister says
EghtesadOnline: Britain as a trading nation has become "too lazy and too fat" and business leaders are more interested in playing golf on Friday afternoons than in seeking new export markets,…
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UK economy will suffer after Brexit vote: British PM May
EghtesadOnline: Britain's economy will suffer as a result of the decision to leave the European Union despite signs in recent economic data that the impact has not been as severe as some predicted,…
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UK Job Seekers Feel the Pinch
EghtesadOnline: UK job seekers are starting to see the impact of Brexit, with salaries under pressure and companies advertising more contract positions as they resist committing to permanent…