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United Kingdom

Economy

 

Scottish economy to see 2-11 billion pounds Brexit hit, government says

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EDINBURGH Leaving the European Union will sap Scotland's economy by between 1.7 and 11.2 billion pounds ($14.76 billion) by 2030, depending on which new trade relationship Britain chooses, the Scottish government said on Tuesday.

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UK manufacturing export orders highest in two years after Brexit vote 23 Aug 2016

LONDON Orders for British manufacturing exports hit a two-year peak in August following a Brexit-induced fall in sterling, as the weaker pound also pushed up price expectations to their highest in over a year, a survey showed on Tuesday.

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British supermarket sales edge higher - Kantar 23 Aug 2016

LONDON British grocery sales rose 0.3 percent year on year in the 12 weeks to Aug. 14, with the march of the German discounters continuing unabated while market leader Tesco notched its slowest rate of decline in six months.

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UK public finances improve less than expected despite corporation tax boost 19 Aug 2016

LONDON - Britain's public finances showed a smaller-than-expected budget surplus in July despite strong corporation tax receipts, according to the first official budget figures since the country's Brexit vote.

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Britons less gloomy about economy in August - poll 18 Aug 2016

LONDON Britons turned less pessimistic about the economy in August than in July, an opinion poll showed, a latest sign that the short-term impact on consumers from the decision to quit the European Union may have been milder than expected.

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UK shoppers defy Brexit shock as spending jumps in July 18 Aug 2016

LONDON - Shoppers in Britain shrugged off June's shock Brexit vote as retail sales jumped by much more than expected last month, official data showed on Thursday, | Video

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UK jobless benefit claimants unexpectedly fall in July despite Brexit shock 17 Aug 2016

LONDON - The number of people claiming unemployment benefit in Britain unexpectedly fell in July despite the shock to the economy caused by the Brexit vote, official data showed on Wednesday.

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UK households recover from Brexit hit to confidence on finances, Markit says 17 Aug 2016

LONDON British households have recovered from a loss of confidence about their finances after the country voted to leave the European Union, a survey showed on Wednesday, another sign consumers are taking the referendum result in their stride.

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UK factory gate prices see biggest rise since 2014 after Brexit slump in sterling 16 Aug 2016

LONDON - British factory gate prices rose at their fastest pace in over two years as the fall in sterling after the vote to leave the European Union pushed up import prices, creating inflation pressure ahead.

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Prices of UK homes for sale see biggest fall in 9 months in August - Rightmove 15 Aug 2016

LONDON The price of homes for sale in England and Wales fell in August, posting the biggest drop since November, as the summer lull added to uncertainty surrounding Britain's decision to leave the European Union, property website Rightmove said on Monday.

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