Economy

 

Over 100 business bosses back Conservatives ahead of election

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LONDON - Over 100 British company bosses publicly backed Prime Minister David Cameron's Conservative-led government on Wednesday and warned a change of course for Britain's economy under a Labour government would put the recovery at risk.

UK's sluggish productivity worsened in late 2014 1:04pm BST

LONDON - British economic productivity fell in the last three months of 2014 and remains well below its pre-financial crisis level, underscoring the challenge of making the country's recovery sustainable in the long term.

UK productivity worsens in last three months of 2014 - ONS 10:35am BST

LONDON - British economic productivity fell in the last three months of 2014 and remains well below its level before the financial crisis hit in 2008, underscoring the challenge of making the country's recovery sustainable in the long term.

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Osborne to stay chancellor if Conservatives re-elected - Cameron 10:34am BST

LONDON - George Osborne will remain chancellor if the Conservative Party wins a closely-contested general election on May 7, Prime Minister David Cameron said on Wednesday.

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UK growth revised higher at end of 2014, boosted by exports 31 Mar 2015

LONDON - Britain's economy expanded at a faster pace than previously thought at the end of last year, helped by strong growth in exports, a boost for Prime Minister David Cameron before a national election on May 7.

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UK consumer confidence hits 12-year high in March 31 Mar 2015

LONDON - British consumer morale rose to its highest level in more than 12 years this month, continuing an upward trend which economic polling company GfK said could boost Prime Minister David Cameron's hopes of re-election in May 7's election.

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UK mortgage approvals rise to six-month high in February 30 Mar 2015

LONDON - British mortgage approvals hit a six-month high in February, rising for a third straight month and suggesting the housing market could start to regain momentum, Bank of England data showed on Monday.

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Carney says BoE rates likely to rise, contrasts with Haldane 30 Mar 2015

FRANKFURT - The Bank of England expects its next move in interest rates to be an increase not a cut despite record low inflation, Bank of England Governor Mark Carney said on Friday, underscoring his difference of view with the Bank's chief economist.

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Bank of England, stung by scandals, flags market concerns 27 Mar 2015

LONDON - The Bank of England is warning about potential irregularities in financial markets on a regular basis as it tries to address the problems that dragged it into recent market scandals, a senior BoE official said.

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UK retail sales improve in Feb, boding well for economy 26 Mar 2015

LONDON - British retail sales rose at the fastest pace in three months in February, beating expectations and suggesting Britain's consumer-led economic recovery remains strong ahead of national elections in May.

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