United Kingdom



Leaving EU is "self-destruct option" for economy and jobs, Cameron says


EASTLEIGH, England Leaving the European Union would be economic self-destruction for Britain, shattering stability, Prime Minister David Cameron said on Monday, presenting a Treasury report warning of recession, a tumble in the pound, and half a million job losses.

Britain risks year-long recession if votes for Brexit - Osborne 23 May 2016

LONDON Britain could sink into a year-long recession if it votes to leave the European Union, Chancellor George Osborne said in his latest attempt to focus voters on the potential hit to the economy from an "Out" vote.

Cameron warns Brexit would drive up food prices 23 May 2016

LONDON British Prime Minister David Cameron warned voters on Sunday that they would face higher grocery bills if the country decides to leave the European Union at a June 23 referendum, citing a potential drop in the value of sterling.

Osborne sees house prices sliding 10-18 percent if Britain leaves EU 23 May 2016

LONDON British house prices would fall 10 percent to 18 percent if the country voted to leave the European Union, Chancellor George Osborne said on Friday.


CBI factory orders pick up at fastest rate in five months 20 May 2016

LONDON British factory orders have risen this month at the fastest rate since the end of last year, and overall output rose at the strongest pace since August, figures from the Confederation of British Industry showed on Friday.

Bank of England's Vlieghe says UK may need more stimulus if growth stays weak 20 May 2016

LONDON The Bank of England may need to provide more stimulus to Britain's economy if growth does not recover as forecast after next month's referendum on European Union membership, BoE policymaker Gertjan Vlieghe said on Thursday.


UK retail sales bounce back in April despite clothing hit 19 May 2016

LONDON British retail sales bounced back much more strongly than expected in April, despite cold weather dealing a big blow to spring clothing sales compared with last year, official figures showed on Thursday.

UK labour market stands firm against Brexit uncertainty 18 May 2016

LONDON Britain's labour market mostly withstood the uncertainty around June's European Union membership referendum in the first quarter, as the employment rate increased and the number of jobless edged lower.

UK household finances weaken at fastest pace in nearly two years 18 May 2016

LONDON British households' financial situation weakened at the fastest rate in nearly two years this month, a survey showed on Wednesday, due more to slow wage growth and expectations of inflation than fears of next month's European Union referendum.

UK April inflation slips for first time since September as airfares fall 17 May 2016

LONDON British inflation slipped in April for the first time since September last year, reflecting a drop in airfares after a March surge around the Easter holidays disappeared, as well as lower clothing prices.

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