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Mortgage approvals dip in February, consumer lending slows - BBA

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LONDON British banks approved the fewest mortgages in three months in February and consumer credit growth slowed slightly despite a jump in credit card borrowing, industry figures showed on Friday.

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British retail sales suffer biggest squeeze in nearly seven years as inflation bites 23 Mar 2017

LONDON British retail sales shrank at the fastest rate in nearly seven years during the past three months, despite a pickup in February, adding to signs that a major driver of Britain's economy is faltering after last year's Brexit vote. | Video

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BoE warns UK exporters pre-Brexit 'sweet spot' may not last 23 Mar 2017

LONDON British exporters cannot count on enjoying the "sweet spot" which was created by the Brexit vote last year, a top Bank of England official said on Thursday, underscoring the BoE's cautious view on the outlook for the economy.

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UK car production hit 17-year high in February 23 Mar 2017

LONDON British car production hit a 17-year high in February, extending a recent trend of surging output as a strong rise in exports once again compensated for a slump in demand at home, an industry body said on Thursday.

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Most UK employers do not plan to raise pay to match rising inflation - XpertHR 23 Mar 2017

LONDON Most British companies do not expect to offer more generous pay deals to employees this year compared with 2016, adding to signs that higher inflation will gnaw at Britons' living standards in the months ahead, a survey showed on Thursday.

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Top British bosses earn nearly 400 times more than minimum wage 22 Mar 2017

LONDON The heads of Britain's top 100 listed companies earn on average almost 400 times more than a worker on the minimum wage, according to analysis that will add fuel to the fire of a debate about inequality in the country.

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UK economy growing solidly despite inflation hit - BoE report 22 Mar 2017

LONDON Britain's economy looks set to defy a slowdown again this year as the country moves closer to leaving the European Union, with the hit to shoppers from surging inflation partly offset by more investment and exports, a Bank of England report suggested.

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UK households most downbeat about outlook since 2013 - Markit 22 Mar 2017

LONDON British households are more downbeat about the outlook for their finances than at any time since late 2013 as rising inflation squeezes their disposable income, a survey showed on Wednesday.

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Not oil but trade - the economic case for Scottish independence 22 Mar 2017

EDINBURGH While the economic case for Scottish independence once centred on oil, people like company director Niall McLean now argue that trade is the way to ensure their country's future prosperity - and avoid the damage of the United Kingdom leaving the EU.

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Leaving EU without deal would damage UK non-financial services - committee 22 Mar 2017

LONDON Failing to reach a comprehensive free trade deal with the European Union risks significant damage to Britain's trade in non-financial services, a committee of members of the upper house of parliament said in a report published on Wednesday.

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