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UK will need to raise taxes after EU vote - Osborne

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LONDON Britain will need to raise taxes and cut spending later this year to stabilise the public finances after last week's shock vote to leave the European Union, Chancellor George Osborne said on Tuesday. | Video

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UK housebuilders plunge on Brexit recession fears 27 Jun 2016

LONDON UK housebuilders have lost as much as 40 percent of their value since Britain voted to leave the EU, as the threat of recession erased their standing as safe haven stocks.

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Hargreaves Lansdown says 80 percent of retail trade orders are 'buy' 25 Jun 2016

LONDON Fund supermarket Hargreaves Lansdown said on Friday that retail investors were using a sharp sell-off in asset prices at the open, after Britain's vote to leave the European Union, to buy back into the market.

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Britain could face recession, BoE to ease policy 24 Jun 2016

LONDON Britain's decision to leave the European Union could drive the economy into recession and will force the Bank of England to ease its already ultra-loose monetary policy further, a Reuters poll of economists found on Friday.

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FCA says Brexit will have major implications for finance 24 Jun 2016

LONDON Britain's financial watchdog said on Friday the UK vote to leave the European Union will have "significant" implications for the country and it was monitoring markets rattled by the decision.

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UK markets shudder after Brexit vote, sterling hits 31-year low 24 Jun 2016

LONDON Sterling plunged to its lowest in three decades and the value of London's big banks sank by the most since the 2008 financial crisis as Britain's shock vote to leave the European Union triggered turmoil on global financial markets on Friday. | Video

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Britain's financial sector reels after Brexit bombshell 24 Jun 2016

LONDON Britain's 2.2 million financial industry workers face years of uncertainty and the risk of thousands of job cuts after the country voted to quit the European Union, an upheaval that threatens London's dominance of finance.

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Gold rush to end whether or not Britain votes to exit EU 22 Jun 2016

LONDON Gold's sharp gains on uncertainty over Britain's European Union membership are likely to come to an end, regardless of whether Britons vote to leave or remain in Thursday's referendum.

G20 regulators aim to rein in asset managers with new rules 23 Jun 2016

LONDON Global regulators have proposed a raft of measures to curb contagion risks from the world's $76 trillion asset management sector, though stopping short of imposing tougher capital requirements.

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HSBC's record-low British mortgage rate sparks risky lending concerns 22 Jun 2016

LONDON HSBC has launched what is thought to be Britain's lowest-ever mortgage deal with an interest rate of less than 1 percent, raising concerns of a return to riskier lending practices to try to boost flagging profits.

Funds hoard cash as safety blanket ahead of Brexit vote

LONDON British mutual funds are showing their nervousness ahead of Thursday's vote on European Union membership by holding more cash than at any time in the past five years, although some are also looking to make quick gains.

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Britain's poorer communities, hit hardest by bank closures, may face shutout

LONDON Britain's largest banks are disproportionately closing branches in the lowest-income areas while expanding in wealthier ones, taking bricks-and-mortar services away from communities where they are arguably needed most, an analysis by Reuters shows.

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