LONDON Britain could borrow nearly 65 billion pounds more than planned in the next couple of years as new Chancellor Philip Hammond seeks to 'reset' government budget policy to ease the shock of last month's vote to leave the European Union.
LONDON Days before Britain's referendum on whether to leave the European Union, former Prime Minister David Cameron made an appeal to German Chancellor Angela Merkel for limits on the free movement of people, the BBC reported on Saturday.
LONDON Since entering Downing Street as Britain's new prime minister last week, Theresa May has quickly dispelled hopes that the UK might change its mind about leaving the European Union.
LONDON Britain could reset fiscal policy if necessary in the wake of the Brexit vote, finance minister Philip Hammond said on Friday in his strongest comments to date on how policy may change after Britain's historic decision to leave the European Union.
LONDON British retail sales suffered their sharpest monthly fall in six months in June, but stores said bad weather rather than Brexit was to blame, leaving open the question of how big a hit the vote to leave the European Union will deal to the economy.
LONDON Chancellor Philip Hammond said on Tuesday the Bank of England would take the first steps to help steer the economy through its Brexit shock, and possible budget measures would not come until later this year.
LONDON The majority of Britons are opposed to a second referendum on membership of the European Union and almost half believe new Prime Minister Theresa May should carry on without calling a general election, according to a poll published on Saturday.
COALVILLE, England In the English heartlands which voted heavily to leave the European Union, the wishlists are out: everything from reducing migration to bringing back the "crown" stamp on pint glasses in pubs.
LONDON New Prime Minister Theresa May ruthlessly overhauled the British cabinet on Thursday, sacking a raft of ministers, promoting loyalists and putting supporters of Britain's exit from the European Union firmly in charge of negotiating its terms.
LONDON (Thomson Reuters Foundation) - In his final days as prime minister, David Cameron hailed Britain's 12 billion pound (12 billion pounds) foreign aid budget as one of his greatest achievements.
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The headline - 0.8 percent second-quarter growth - sounds good. But construction shrank and industrial production was weak. Only services were strong. It sounds like a warning of future problems. Expectations of a UK interest rate rise may be delayed, leading the pound down.