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U.K. Construction Sector Retains Modest Recovery
Britain's construction industry held on to its modest recuperation from a hit during the snowy beginning to the year, but concerns about Brexit are causing some projects to be stalled, according to a survey released on Monday...
2018-06-04 11:39:00 UTC+00
25765
World Economy,
Consumer Markets,
Brexit,
UK
U.K. Retail Sales Fell in the 1st Quarter
The volume of retail sales in the UK dropped in March as British shoppers stayed home due to a period of inclement weather nicknamed the 'Beast from the East', weighing on first-quarter economic expansion, official figures showed...
2018-04-20 05:40:00 UTC+00
14065
Brexit,
UK
U.K. Economy Weighed Down by the ‘Beast From the East’ Snowstorm
Heavy snow and weak consumer demand weighed on British services businesses in March, which grew at the slowest rate since just after the vote to leave the European Union in June 2016, a survey showed...
2018-04-06 01:52:00 UTC+00
25690
Brexit,
UK
UK Household Spending Touches 6-Year Low in 2017
Household spending weakened to its lowest annual growth for six years in 2017 amid Brexit-spurred inflation, with borrowing soaring and family savings plunging to a record low...
2018-04-02 00:40:00 UTC+00
19300
Brexit,
UK
'No Deal' Brexit Could Cost UK, EU Firms £58 Billion - Report
Companies in Britain and the European Union could face an additional 58 billion pounds ($80 billion) in annual costs if there is a no-deal Brexit, with Britain's vast financial sector set to be the worst-hit industry, according to a report...
2018-03-12 01:13:00 UTC+00
33355
Business,
Brexit,
UK,
European Union
UK Manufacturing Growth Suffers a Slowdown in February
British manufacturing growth tumbled to its lowest level in eight months in February as manufacturers were weighed down by Brexit uncertainty and a stronger pound...
2018-03-02 01:34:00 UTC+00
19390
Industry,
Industrial production,
Brexit,
UK
Sterling Slides, Gilts Rally as PM May Rejects EU Brexit Proposals
The sterling pound continues its decline on Wednesday, with the currency falling to an almost three-week trough after British Prime Minister slammed Brussel's first draft of Brexit proposals...
2018-02-28 22:50:00 UTC+00
17815
Investments,
Forex,
Brexit,
UK,
European Union
BoE Officials to Look at Quicker Interest Rate Hikes After Inflationary Pressures
The Bank of England expected that Britain's low levels of unemployment would sooner or later see wages begin to increase and feed through into rising prices...
2018-02-12 02:45:00 UTC+00
20110
Brexit,
UK
UK Consumer Spending Remains in Second Gear in January: Visa
British consumers spend less in January compared to the same period a year ago, causing spending last month to mark its first decline since 2013, according to a survey...
2018-02-12 00:54:00 UTC+00
18235
World Economy,
Consumer Markets,
Brexit,
UK
Weak UK Business Investment Shows Clear Brexit Effect: Carney
According to Bank of England Governor Mark Carney, the disappointing business investment in the country is one irrefutable repercussion of Brexit.The central bank projects that business investment is four percentage points lower compared to what it would have been if Britain had not voted to leave the European Union in June 2016, Carney stated in his address to the House of Lords Economic Affairs Committee on Tuesday...
2018-01-31 00:52:00 UTC+00
19435
Policy,
World Economy,
Brexit,
UK
UK Consumer Confidence Turns More Upbeat in January - Survey
The confidence of British households increased at its quickest pace in a year in January, implying that the Brexit-bound economy might hold up stronger than expected again this year, according to a survey...
2018-01-30 02:41:00 UTC+00
19120
Brexit,
UK
Brexit Largest Threat to UK Financial Centre - Survey
Uncertainty over Britain's future trading relations with the European Union after Brexit is the most serious threat to London as the world's top financial centre, according to a business survey...
2018-01-29 02:37:00 UTC+00
22375
Business,
Brexit,
UK
BoE to Allow EU Banks to Operate in UK as Normal Post-Brexit - BBC
The Bank of England will reveal plans to allow European banks to operate in the UK as normal post-Brexit, even in a “no deal” scenario, according to a report from the BBC...
2017-12-20 07:29:00 UTC+00
20635
Brexit,
UK
British Households Under Financial Strain as Brexit Weighs
More households in the U.K. anticipate a deterioration in their finances for the first time in three years, with much of it associated to 2016's Brexit vote, according to a survey published by the Bank of England...
2017-12-18 01:46:00 UTC+00
18790
Brexit,
UK
UK Inflation Rises to 3.1% in November as Prices Surge
British inflation suddenly increased to its highest level in almost six years in November, which tightens the post-Brexit vote squeeze on households.According to a report from the Office for National Statistics, the annual rate of change in the consumer price index increased to 3...
2017-12-13 03:37:00 UTC+00
19660
Brexit,
UK,
Inflation
UK fails to Clinch Brexit Deal over Irish Border Row
UK Prime Minister Theresa May failed to secure a deal to make way for talks on post-Brexit free trade with the European Union after a tentative agreement with Dublin to keep Northern Ireland in line with EU rules after the exit was rejected by her allies in Belfast...
2017-12-05 05:23:00 UTC+00
17290
World Economy,
Brexit
UK and EU on the Verge of Sealing Brexit Divorce Deal
Britain and the European Union are on the edge of finalizing a Brexit separation deal on Monday, as UK Prime Minister Theresa May travels to Brussels to open trade talks...
2017-12-04 02:39:00 UTC+00
17980
Eurozone,
Brexit,
UK
UK’s Biggest Lenders Pass BoE’s Stress Tests
Britain's banks could keep their head above the water if the UK withdraws from the European Union in a “disorderly Brexit” in 2019, according to the Bank of England...
2017-11-29 03:09:00 UTC+00
21385
World Economy,
Brexit,
UK
UK Reveals Plans to Intervene in Key Sectors as Brexit Looms
The U.K. government launched a new strategy for industry, which aims to intercede in key sectors in order to deal with weak productivity and support businesses to counter problems caused by Brexit...
2017-11-27 01:00:00 UTC+00
17920
Brexit,
UK
European Banks’ U.K. Assets Sharply Drops Since Brexit Vote
European lenders trimmed their exposure to the U.K. in the wake of its vote to leave the European Union, reducing their U.K. assets by $425 billion in a year...
2017-11-27 00:44:00 UTC+00
19510
Industry,
Eurozone,
Brexit,
UK
U.K. Consumer Spending Powers Economic Growth
Consumers fueled the British economy's growth in the third quarter as spending on vehicles regained footing but Brexit appears to be taking a toll on business investment...
2017-11-24 03:28:00 UTC+00
16360
World Economy,
Eurozone,
Brexit,
UK,
Inflation
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