Tag: UK economy

Brexit Boom Project Fear Britain Economy Retail Consumer Confidence Spending

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.

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.

Vote

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.

foreign aid

UK Foreign Aid Spent on Five-Star Hotels and Chinese Restaurants

The UK’s massive foreign aid budget is helping to fund middle-class luxuries in booming economise, including Pakistan’s version of Amazon, Chinese restaurant chains, online gambling websites, five-star hotels and luxury shopping malls.

i.img

UK Financial Sector Makes Record Tax Contribution: Study

Britain’s financial services paid a record amount in taxes last year, new figures revealed Tuesday, emphasising the sector’s importance as the country prepares to withdraw from the European Union.

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.

Mark Carney

Under Fire, Anti-Brexit Carney to Stay Extra Year at Bank of England

LONDON (Reuters) – Bank of England Governor Mark Carney said on Monday he will stay in his job for an extra year until the end of June 2019 to help smooth Britain’s departure from the European Union, but he will depart two years short of a full term.

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.

lloyds-bank

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.

Brexit Economy Project Fear

Sterling Firms On Calm Over Brexit

(REUTERS) – Sterling rose on Wednesday amid indications Britain may avoid an aggressive and potentially damaging exit from the European Union, while the dollar hit a seven-month high against a basket of major rivals ahead of the release of Federal Reserve meeting minutes.

UK property market housing crisis building

UK House Price Crisis Eases After Brexit Vote

LONDON, Sept 30 (Reuters) – British house prices rose more slowly in September than in August, according to figures from mortgage lender Nationwide, adding to signs of a cooling in the housing market after voters decided in June to leave the European Union.

Brexit Economy Project Fear

Brexit Boom: Pound Up On Euro And Dollar Two Months After Vote

LONDON, Sept 6 (Reuters) – Sterling rose to trade near a 7-week high against the dollar on Tuesday, amid expectations that Britain had probably dodged a recession in coming months with the economy showing signs of resilience in the aftermath of the shock Brexit vote.