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United Kingdom

Politics

May worried by China investment, intervened to delay Hinkley

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LONDON British Prime Minister Theresa May was concerned about the security implications of a planned Chinese investment in the new Hinkley Point nuclear plant and intervened personally to delay the project, a former colleague and a source said on Saturday.

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Scots back remaining in UK despite Brexit vote - poll 30 Jul 2016

LONDON Most Scots still back remaining in the United Kingdom despite Britons voting to leave the European Union, a move which was opposed by the majority in Scotland, according to an opinion poll published on Saturday.

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Brexit shockwaves hit British jobs, banks, automobiles 28 Jul 2016

LONDON Shockwaves from Britain's vote to leave the European Union rocked the economy on Thursday, with thousands of jobs lost at one of the country's biggest banks, big extra costs for Ford, and consumer confidence plunging.

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Brexit rewrites UK budget rules as borrowing set for first big rise since 2010 26 Jul 2016

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.

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Cameron made last-ditch pre-vote appeal to Merkel over immigration - BBC 23 Jul 2016

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.

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When does Brexit mean Brexit - Could the UK change its mind? 22 Jul 2016

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.

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Hammond says Britain may reset fiscal policy in strongest hint to change 22 Jul 2016

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.

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UK retail sales suffer biggest fall in six months, no EU effect reported 21 Jul 2016

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.

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New Chancellor Hammond says BoE to move first on Brexit response 19 Jul 2016

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.

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Most Britons oppose second referendum on EU exit - poll 16 Jul 2016

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.



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UK’s strong GDP has a soft centre

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.