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Economy

 

UK housing, hiring stay resilient despite Brexit vote - surveys

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LONDON British house prices hit a seven-month high in November and companies hired more workers, surveys showed on Thursday, suggesting the economy remained resilient five months after Britain's vote to leave the European Union.

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UK house price growth speeds up for first time since March - Halifax 07 Dec 2016

LONDON Growth in British house prices in November picked up speed for the first time since March although price increases may slow in the coming months, mortgage lender Halifax said on Wednesday.

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Industrial output sinks as weak sterling no boon for factories 07 Dec 2016

LONDON Falls in sterling since the Brexit vote failed to boost Britain's manufacturers in October as industrial output, also hit by a shutdown at the country's largest oilfield, suffered its biggest monthly drop since 2012.

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UK narrows current account deficit after major data error 07 Dec 2016

LONDON Britain appears to have relied slightly less on the "kindness of strangers" before the Brexit vote, after its statistics agency uncovered major errors in trade data that meant the current account deficit was narrower than first calculated.

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For London's food and wine businesses, Brexit has a bitter taste 07 Dec 2016

LONDON Importing fine foods from Spain has been a good trade for London firm Brindisa, but like many food and wine businesses that rely on the free movement of goods and workers within the European Union, it has been badly hit by Britain's vote to leave. | Video

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Softer rate outlook does not justify easier mortgage rules - BoE 06 Dec 2016

LONDON, Dec 6 Reduced market expectations of a big rise in interest rates do not mean the Bank of England should loosen rules designed to stop mortgage borrowers getting into difficulty, central bank regulators have agreed.

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Britain's financial sector paid record 71.4 billion pounds in taxes last year before Brexit 06 Dec 2016

LONDON Britain's financial services sector contributed a record 71.4 billion pounds in taxes last year, highlighting the potentially big impact of the country's vote to leave the European Union, according to the City of London Corporation.

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UK retail sales slow in November, cluster around Black Friday - BRC 06 Dec 2016

LONDON, Growth in British retail sales slowed in November after a bumper October as shoppers waited for big discounts around 'Black Friday' at the end of the month, industry figures showed on Tuesday.

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Brexit uncertainty to keep UK house price rises muted - Reuters poll 06 Dec 2016

LONDON British house prices will rise 2 percent next year, less than what is expected from inflation and held back by uncertainty around Britain's decision to leave the European Union, a Reuters poll of analysts found on Monday.

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New car sales on course for record year after November rise 05 Dec 2016

LONDON British new car registrations rose by nearly 3 percent last month, an industry body said on Monday, putting the sector on course for record sales in 2016, although demand from retail customers fell for the eighth month in a row.

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