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UK consumer lending slows, caution reigns ahead of Brexit

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LONDON British consumer borrowing grew at its weakest rate in nearly two years over the past three months, Bank of England data showed on Wednesday, highlighting households' sense of caution as Britain moved closer to leaving the European Union.

UK debt charity says demand for help hits record high 28 Mar 2017

LONDON The number of people seeking help from a leading British debt advice service hit a record high last year, reflecting a surge in borrowing by consumers and the financial strains on younger workers, the charity said on Tuesday.

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Mortgage approvals dip in February, consumer lending slows - BBA 24 Mar 2017

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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UBS set to charge wealthy for keeping euro savings 23 Mar 2017

ZURICH UBS , the world's biggest wealth manager, will impose a penalty charge on customers who park euros with the bank, one of the largest lenders to break what has been a taboo in finance as sub-zero interest rates bite.

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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 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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UK inflation shoots above two percent, adding to Bank of England conundrum 21 Mar 2017

LONDON British inflation shot past the Bank of England's 2 percent target last month, potentially adding to uneasiness among some officials at the central bank about keeping interest rates near zero. | Video

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Prime central London sales hit an all-time low in 2016 20 Mar 2017

LONDON The number of London's top-end city centre homes sold last year fell to a record low, according to an analysis of official data, continuing a trend of falling demand due to increases in property tax and the Brexit vote.

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British regulator to focus more on protecting insurance policyholders 20 Mar 2017

LONDON The Bank of England said it will devote greater effort to ensuring more consistent protection for those who would suffer most if their insurance policies do not pay out as promised.

More From Around the Web

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Asking prices for UK homes show solid gain in Feb-March - Rightmove

LONDON Asking prices for homes in England and Wales are showing above-average increases as a shortage of properties for sale outweighed any nervousness about Brexit, a survey published by property data firm Rightmove showed on Monday.

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Best-paid former BHS executives gain most from Green's pension deal - MPs

LONDON British retail tycoon Philip Green's deal with the regulator to plug a hole in the pension schemes of collapsed department store BHS will see a small number of the highest-paid former managers benefit the most, a parliamentary committee said on Tuesday.

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Low UK rates probably hurt productivity, BoE's Haldane says

LONDON Ultra-low Bank of England interest rates since the financial crisis have probably taken a modest toll on productivity, but were a price worth paying to avoid higher unemployment, Bank of England chief economist Andy Haldane said on Monday.

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