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UK to curb protection for savers, blames EU rules

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LONDON - British savers will have less of their money protected if a bank fails next year, the government said on Friday, blaming European Union rules which one senior MP called "absurd".

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UK property shares live up to safe-haven tag in volatile world 02 Jul 2015

LONDON - Forget gold. In a world of volatile market swings, Greek debt fears and an impending U.S. interest rate hike, one safe haven that has delivered on its promise is UK property.

British house prices show surprise fall in June 02 Jul 2015

LONDON - British house prices unexpectedly fell last month, taking the annual rate of price increases to its lowest in two years, mortgage lender Nationwide said on Thursday.

UK inflation expectations rise in June 01 Jul 2015

LONDON - The British public's expectations for inflation in the next 12 months rose in June, according to a survey published on Wednesday.

UK consumer body questions whether bank fines work 30 Jun 2015

LONDON - Fines are failing to curb misconduct at banks or prompt customers to switch lenders, a top British consumer organisation said on Tuesday.

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UK consumer confidence surges to 15-year high in June 30 Jun 2015

LONDON - British consumer morale surged to its highest in over 15 years this month as shoppers said they were ready to spend, a survey showed on Tuesday, adding to signs that growth is picking up after a weak start to the year.

UK mortgage approvals fall unexpectedly in May 29 Jun 2015

LONDON - British mortgage approvals fell unexpectedly in May, Bank of England data showed on Monday, countering other recent signs that activity in the housing market has picked up in recent months.

EU capital markets plan must protect investors better - UK watchdog 26 Jun 2015

LONDON - The European Union's plan for a unified capital market needs more work to protect investors from losses if it is to provide the economic boost policymakers' are hoping for, a top British regulator said on Thursday.

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Bank of England's Weale says jobs market "fizzing", eyes rate hike 24 Jun 2015

LONDON - Britain's labour market is "fizzing away nicely" and wages are growing faster than expected, Bank of England policymaker Martin Weale said in an interview with the Financial Times in its Wednesday edition, indicating that he might soon vote for a rate rise.

UK construction PMI rises to four-month high in June

LONDON - British construction activity grew at its fastest rate in four months in June, and confidence in the sector surged to an 11-year high, as growth resumed after a lull in the run-up to May's election.

UK pension liability hedging strategies total $1 trillion in 2014

LONDON - British pension funds' liability-driven investments jumped 29 percent to a total 657 billion pounds ($1.03 trillion) in 2014 as they tried to combat the negative impact of low yields, according to a report by consultants KPMG published on Monday.

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