Tag: Brexit Boom

UK Shopping Brexit Project Fear Consumer Confidence

Bank of England Predicts UK Living Standards Boost Ahead of Brexit

LONDON (AP) — Bank of England Governor Mark Carney sought Wednesday to quantify the short-term hit of Brexit to British households, but expressed hope that living standards will finally start to improve this year following a period of rising inflation.

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UK Economy Grows More than Expected

LONDON (AP) — Britain’s economy picked up slightly in the three months through September, official figures showed Wednesday, making it more likely that the Bank of England could raise interest rates next month for the first time in a decade.

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British American Tobacco Wins Brexit Sales Boost

LONDON (AFP) – British American Tobacco, fresh from its takeover of US peer Reynolds, reported on Thursday sliding first-half net profits, but sales jumped on the back of the Brexit-hit pound. Profit after tax slid 15 percent to £2.3 billion

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BMW to Build Electric Mini in Oxford After Brexit

FRANKFURT, Germany (AP) — Germany’s BMW will make the electric version of its Mini compact cars at its factory in Oxford, England, a decision that comes at a time when automakers are scrutinizing investment plans due to Britain’s impending departure from the European Union.

David Cameron Visits A Manufacturing Business To Discuss The EU Referendum

UK Manufacturing Jump Shows Economy Strong After Brexit Vote

(REUTERS) – 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 looks like it will be more difficult.

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Bank of England Revises Up UK Growth Forecast

LONDON (AP) — The Bank of England revised up its economic growth forecasts for the British economy for the coming three years, crediting much of the improvement to the government’s decision to ease up on austerity in the wake of the country’s vote to leave the European Union.

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France’s Central Bank Blames Brexit For Poor Growth

PARIS (AFP) – France’s central bank Friday trimmed its growth forecasts for 2016 to 2018 citing a worsening of the global economy and Brexit, while Germany’s Bundesbank lifted its outlook.

Chancellor of the Exchequer George Osborne deliver a speech on the potential economic impact to the UK on leaving the European Union (EU), at a B&Q Store Support Office, on May 23, 2016 in Chandler's Ford, near Eastleigh, England. Osborne warned that Brexit would lead Britain into a 'year-long recession'. …

Brexit Boom: UK Companies Growing After Brexit Vote

(REUTERS) – British companies continued to grow modestly in the three months to November and are expected to keep up that pace into 2017, a survey showed on Sunday, chiming with a resilient picture for the British economy so far since June’s EU referendum vote.

UK Roads

Brexit Boom: Government to Spend 1.3 Billion on Roads 

(REUTERS) – Chancellor Phillip Hammond will this week announce 1.3 billion pounds in new spending on roads as part of his plans to bolster the economy as Britain prepares to leave the European Union, the Treasury said on Sunday.

Richard Branson

Remain Supporting Virgin Enjoys Brexit Boom

(REUTERS) – British lender Virgin Money Holdings Plc (VM.L) reported a 19 percent jump in nine-month gross mortgage lending, and said customer demand continued to be strong after Britain’s vote to leave the European Union.

Brexit

UK Economy Still Performing Well After Brexit Vote, Gets Nissan Boost

(REUTERS) – Britain’s economy slowed only slightly in the three months after the Brexit vote and carmaker Nissan said it would build more cars in the country, tempering fears about the immediate economic impact of the decision to leave the European Union.

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Lloyds Bank Shrugs Off Brexit Fears With Steady Performance

(REUTERS) – Lloyds Banking Group (LLOY.L) defied expectations on Wednesday of a squeeze on earnings after Britain’s surprise vote to quit the European Union by reporting third-quarter profits largely unchanged from a year earlier.