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Economy

 

Osborne warns leaving EU would hurt pensions

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LONDON British pensioners would be hundreds of pounds a year worse off if the country left the European Union, Chancellor George Osborne said late on Thursday in the government's latest warning on the costs of voting to leave the bloc.

UK consumer confidence edges up but Brexit vote clouds outlook 27 May 2016

LONDON Morale among British consumers edged up in May but uncertainty around next month's referendum on European Union membership continued to cloud the economic outlook, a survey showed on Friday.

UK business investment falls ahead of EU referendum 26 May 2016

LONDON Business investment in Britain fell in early 2016, a sign that uncertainty caused by the country's impending referendum on European Union membership is weighing on companies.

UK banks approve fewest mortgages in more than a year as new tax weighs 26 May 2016

LONDON The number of mortgages approved by British banks in April fell to its lowest number since March 2015, hit by the introduction of a higher tax on buy-to-let properties, industry figures showed.

Brexit one of bigger risks to EU economy, says euro zone head 26 May 2016

BRUSSELS A British vote to leave the European Union in a referendum on June 23 poses one of the bigger risks to the European economy in the short term, the chairman of euro zone finance ministers said on Wednesday.

Confidence among UK services firms hits three-year low 26 May 2016

LONDON Confidence in Britain's dominant services sector fell to its lowest level in over three years in the three months to May ahead of the country's European Union membership referendum in June, a survey showed on Thursday.

Economic hit would outweigh post-Brexit budget savings for UK - IFS think tank 25 May 2016

LONDON Any budget savings Britain would make by cutting its funding to the European Union would be wiped out by even a small economic slowdown that could result from leaving the bloc, a leading think tank said on Wednesday.

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Summer heat for sterling if referendum backs status quo 25 May 2016

LONDON Keeping the status quo may well be what the British government wants after its June 23 referendum on European Union membership, but a sigh of relief in the financial world could bring its own short-term economic policy headaches.

Bank of England's Carney, under fresh fire, defends Brexit message 25 May 2016

LONDON Bank of England Governor Mark Carney on Tuesday defended the central bank's decision to flag the risks of leaving the European Union, coming under renewed attack from an MP who has been highly critical of his role in the Brexit debate.

UK retail sales tick up but EU referendum clouds outlook - CBI 24 May 2016

LONDON British shop sales edged up this month after a sharp fall in April, but expectations for June sagged as uncertainty about the European Union referendum unsettled retailers, an industry survey showed on Tuesday.

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