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UK consumer confidence tumbles in October on job insecurity


LONDON - Consumer confidence in Britain took its biggest tumble in four years this month as workers in low-paid sectors worry about losing their jobs in an economic slowdown, a survey published on Thursday showed.

UK September mortgage approvals fall to lowest level since July 2013 9:33am BST

LONDON - Mortgage approvals in Britain fell in September to their lowest level since July last year, standing 9.9 percent lower than a year ago, industry data showed on Thursday.

BoE's Broadbent says underlying interest rates to eventually rise 9:17am BST

LONDON - The Bank of England is only likely to raise interest rates gradually, as headwinds to growth and long-term downward pressures on borrowing costs pass, the central bank's deputy governor said on Thursday.

Talent shortage drives pay up in UK financial services, tech sectors 7:15am BST

LONDON - A talent shortage in Britain's financial services and technology sectors has pushed salaries in the industry up by 2.6 percent in the last year, ahead of inflation and outpacing sluggish UK wage growth, research showed on Thursday.


Bank of England minutes add to signs rate hike on back burner 22 Oct 2014

LONDON - Most Bank of England policymakers are firmly against raising interest rates, seeing little evidence of inflation pressures while the slowing euro zone poses growing risks, minutes of their latest meeting showed.

Handelsbanken, Metro Bank point way for UK challengers 22 Oct 2014

LONDON - Sweden's Handelsbanken and Britain's Metro Bank reported a surge in lending to UK households and businesses on Tuesday in a sign of growing competition to Britain's established lenders.


Rising UK borrowing leaves no room for pre-election sweeteners 21 Oct 2014

LONDON - British government borrowing rose more than 10 percent in the first half of the financial year, giving Chancellorp George Osborne little scope to offer sweeteners to voters before a parliamentary election in May.

Lloyds says UK needs to build extra 60,000 homes a year 21 Oct 2014

LONDON - Lloyds Banking Group said at least 60,000 new homes need to be built in Britain every year above the current level of supply to ease the country's housing shortage.

Bank of England payments system suffers lengthy outage 21 Oct 2014

LONDON - A Bank of England payments system that handles more than 260 billion pounds a day suffered a major outage on Monday, forcing the central bank to extend its operating hours until late into the evening.


Bank of England may keep rates low for longer, says chief economist 17 Oct 2014

LONDON - Britain's economic recovery might stall if interest rates rise too soon, the Bank of England's chief economist said on Friday as he offered the strongest signal yet that the bank is prepared to delay increases in borrowing costs.


UK construction output slumps in August, lower imports help trade gap

LONDON - British construction fell sharply in August, hit by a fall in house-building and adding to signs of a slowdown in other areas of the economy, official figures showed on Friday.

EU court rejects BT appeal on pension protection levy

BRUSSELS/LONDON - Europe's top court on Wednesday said an exemption granted to former British telecoms monopoly BT from paying into a pension protection fund constituted state aid and was therefore illegal, backing an EU regulatory decision made five years ago.

HSBC rapped for UK small business lending breach

LONDON - Britain's competition watchdog said HSBC had forced some small businesses to open an account with the bank to obtain a loan, breaking commitments made by banks to end the practice.

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