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UK mortgage approvals hit one-year low in June, consumer lending strong

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LONDON - British mortgage approvals dipped to the lowest level since May 2015 in the weeks around last month's vote to leave the European Union, but lending to consumers expanded at the fastest pace in almost 11 years.

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New UK home registration hits highest since 2007 in run-up to EU vote 8:57am BST

LONDON The number of new homes registered for construction in Britain rose in the second quarter to its highest since the financial crisis as building plans picked up before the EU referendum, an industry group said on Friday.

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Biggest drop in UK consumer morale since 1990 puts BoE on track to act 12:17pm BST

LONDON British consumer morale suffered its sharpest drop in more than 26 years after last month's decision by voters to leave the European Union, according to figures that are likely to embolden Bank of England policymakers to take action next week.

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Brexit shockwaves hit British jobs, banks, automobiles 28 Jul 2016

LONDON Shockwaves from Britain's vote to leave the European Union rocked the economy on Thursday, with thousands of jobs lost at one of the country's biggest banks, big extra costs for Ford, and consumer confidence plunging.

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UK retailers report biggest fall in sales in four years after Brexit vote 27 Jul 2016

LONDON British retailers suffered their sharpest fall in sales in four years after last month's vote to leave the European Union, raising doubts about the ability of consumers to stave off a Brexit recession.

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British economy picked up speed in second quarter ahead of Brexit vote 27 Jul 2016

LONDON Britain's economy picked up speed in the three months up to its vote to leave the European Union, data showed on Wednesday, helped by the biggest upturn in industrial production since 1999. | Video

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Bank of England to cut key rate August 4, hold off on QE for now - Reuters poll 26 Jul 2016

LONDON The Bank of England is almost certain to cut benchmark borrowing costs when it sets policy on Aug. 4, but a slim majority of economists in a Reuters poll said it would hold off for now on restarting its asset purchase programme.

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UK mortgage approvals fall to 15-month low in June - BBA 26 Jul 2016

LONDON, July 26 British banks approved the fewest mortgages for house purchase since March 2015 last month and also cut lending to businesses, as nerves weighed in the run-up to June 23's referendum on European Union membership.

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Bank of England's Weale shifts stance after weak UK data 26 Jul 2016

LONDON Bank of England policymaker Martin Weale said he saw the economic outlook differently after much weaker-than-expected British purchasing managers' data, a week after saying he needed firmer evidence before backing an interest rate cut.

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Brexit rewrites UK budget rules as borrowing set for first big rise since 2010 26 Jul 2016

LONDON Britain could borrow nearly 65 billion pounds more than planned in the next couple of years as new Chancellor Philip Hammond seeks to 'reset' government budget policy to ease the shock of last month's vote to leave the European Union.

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