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Unemployment plunges to five-year low, pay grows

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LONDON - Britain’s unemployment rate unexpectedly dropped in the three months to February, reviving speculation the Bank of England will start raising interest rates earlier than it has signalled.

Persimmon says housing demand picking up across Britain 16 Apr 2014

LONDON - British housebuilder Persimmon said demand for new houses continued to strengthen, helped by government intervention to help first-time buyers.

Lower inflation boosts UK households' morale - Markit 16 Apr 2014

LONDON - British households feel under the least financial pressure in more than five years, due to lower inflation and the prospect of higher wages, a monthly survey showed on Wednesday.

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UK inflation hits new four-year low, house prices continue rise 15 Apr 2014

LONDON - British inflation fell to its lowest in over four years in March, easing pressure on living standards and raising the prospect that prices may now be rising by less than wages for the first time in years.

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British house prices boom, Bank of England holds fire 10 Apr 2014

LONDON - House prices and sales took off again in Britain last month, reflecting the economy's surprisingly fast recovery, but the Bank of England stuck to its course and left interest rates unchanged at record lows.

FCA threatens tougher action on bank overdraft fees 10 Apr 2014

LONDON - Britain's financial watchdog may impose changes in how banks treat overdrawn customers after its research showed people are paying too much when they go into the red.

UK car insurance premiums continue slide into 2014 09 Apr 2014

LONDON - The cost of car insurance in the UK has continued to slide in 2014, sweeping aside hopes among insurers that a price war that has raged for two years was starting to ease.

UK government, insurers ease pension rules for retirees before reforms 09 Apr 2014

LONDON - Britain's government has eased pension restrictions on people who are in the process of retiring, giving them more time to decide what to do with their savings, ahead of a shake-up of pension rules to take effect next year.

FCA to probe credit card market 04 Apr 2014

LONDON - Britain's financial watchdog will investigate the 150 billion pound ($250 billion) credit card market to assess if "survival borrowers" who find it difficult to repay are being treated fairly, it said on Thursday.

BoE's McCafferty says UK housing market activity still weak -paper

LONDON - Activity in Britain's housing market is still much weaker than would be expected in a fully functioning market, according to a Bank of England policymaker who played down fears of a housing bubble.

Government announces 0.75 percent cap on annual pension scheme charges

LONDON - Annual charges on British workplace pension schemes that automatically enrol their members will be capped at 0.75 percent from April 2015 in what the UK pensions minister called "an end to rip-off pension charges".

FCA to probe credit card market

LONDON - Britain's financial watchdog will investigate the 150 billion pound ($250 billion) credit card market to assess if "survival borrowers" who find it difficult to repay are being treated fairly, it said on Thursday.

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