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Economy

 

Brexit uncertainty to weigh on UK economy, EU says

BRUSSELS The European Union said uncertainty before next month's referendum on EU membership may hurt British economic growth this year but it shied away from any comment on Tuesday on what may happen if Britain quits the bloc.

Pro-Brexit economists hail benefit of scrapping EU tariffs and rules 28 Apr 2016

LONDON Britain would be richer if it left the European Union, a group of British economists said on Thursday, in contrast to warnings from leading global institutions of a big hit to output and living standards.

UK house price growth cools after land tax changes - Nationwide 28 Apr 2016

LONDON British annual house price growth cooled in April after the government introduced extra taxes on purchases of properties for rental and second homes, according to a survey from mortgage lender Nationwide on Thursday.

UK inflation expectations rise to highest since July 28 Apr 2016

LONDON Expectations among people in Britain for inflation over the coming year rose in April to their highest level since July of last year following a pick-up in official inflation data from below zero last year.

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Britain would pay a "Brexit tax" outside the EU - OECD 28 Apr 2016

LONDON British voters risk paying a "Brexit tax" equivalent to a month's salary by 2020 if they leave the European Union, the OECD said on Wednesday, joining a chorus of economic bodies warning against an exit.

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UK economy slows as global weakness, Brexit uncertainty weigh 27 Apr 2016

LONDON Britain's economy slowed at the start of this year, buffeted by a slowing global economy and uncertainty ahead of this year's referendum on European membership, as it relied solely on the services sector to drive growth.

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