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Economy

 

Euro zone business growing at weakest rate since start of 2015 - PMI

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LONDON, Euro zone business growth was at its slowest since the start of 2015 this month as a stronger performance in the two big economies of Germany and France was offset by weakness in smaller countries, a survey showed on Friday.

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Hammond says Britain may reset fiscal policy in strongest hint to change 22 Jul 2016

LONDON Britain could reset fiscal policy if necessary in the wake of the Brexit vote, finance minister Philip Hammond said on Friday in his strongest comments to date on how policy may change after Britain's historic decision to leave the European Union.

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UK retail sales suffer biggest fall in six months, no EU effect reported 21 Jul 2016

LONDON British retail sales suffered their sharpest monthly fall in six months in June, but stores said bad weather rather than Brexit was to blame, leaving open the question of how big a hit the vote to leave the European Union will deal to the economy.

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British slide into recession to force BoE's hand next month 20 Jul 2016

LONDON Britain's economy will slide back into recession in the coming year, forcing the Bank of England next month to cut interest rates and start purchasing bonds again to support growth, according to a Reuters poll of economists.

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Income stasis lit fuse for political rocket 20 Jul 2016

LONDON Slow growth leaving swathes of the population with no real income gains for another 10 years will foster more disaffection that just bakes in political volatility and economic stagnation.

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UK inflation rises more than expected in June, boosted by airfares 19 Jul 2016

LONDON - British inflation rose more than expected in June and matched one of the highest rates seen over the last year and a half, boosted by a surge in airfares as soccer fans flocked to France for the Euro championships.

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Bank of England's Weale sees little urgency to cut interest rates 19 Jul 2016

LONDON Bank of England policymaker Martin Weale said on Monday he was unsure whether he would back an interest rate cut at next month's BoE meeting, in contrast to most of his colleagues who think stimulus is likely after Britain voted to leave the EU.

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More poor in work, but jobs downturn would hit them hardest - IFS 19 Jul 2016

LONDON Britain's poorest households now rely more on jobs than government benefits for their income, reducing inequality but leaving them more vulnerable to any post-Brexit downturn in the labour market, research showed on Tuesday.

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Brexit vote knocks UK manufacturers' confidence to two-year low - survey 19 Jul 2016

LONDON British manufacturers' confidence about the outlook for their businesses and the wider economy has fallen to its lowest in at least two years after Britain's vote to leave the European Union, an industry survey showed on Tuesday.

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Fewer Britons visit shops after EU referendum - BRC 18 Jul 2016

LONDON The number of shoppers heading to British high streets and retail centres fell at the fastest pace in more than two years in June, with the weeks around the country's vote to leave the EU hit particularly hard, a survey found.

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