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Economy

 

Inflation unexpectedly leaps to six-month high in August

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LONDON British inflation jumped unexpectedly to a six-month high in August, pushed up by bigger-than-usual seasonal increases in sea and air fares and briefly sending sterling above $1.32 for the first time since July.

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Bank of England's Haldane says firms' Brexit worries 'up sharply' 19 Sep 2018

TALLINN British businesses are more worried about Brexit uncertainty than was the case a few months ago, Bank of England chief economist Andy Haldane said on Wednesday.

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Rule out 'no deal' Brexit, UK car industry warns in Brussels 19 Sep 2018

BRUSSELS/LONDON London and Brussels should rule out a 'no deal' Brexit, which could add at least 5.7 billion euros (£5.1 billion) in car tariffs and snarl up production, Britain's automotive industry body warned on Wednesday.

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Affordable housing to get 2 billion pounds boost in UK, May says 19 Sep 2018

Britain's government will invest 2 billion pounds to address an affordable housing shortage, Prime Minister Theresa May will say on Wednesday.

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UK economy will shrink without Brexit deal, IMF warns 17 Sep 2018

LONDON Britain's economy will shrink if it leaves the European Union without a Brexit deal and it will suffer some damage whatever terms it agrees, the International Monetary Fund said on Monday, challenging the promises of some Brexit supporters. | Video

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UK consumer spending grows at fastest pace since January - Visa 17 Sep 2018

LONDON British consumer spending grew over the three months to August at the fastest pace since January, chiming with other signs the economy has picked up some steam in mid-2018, a survey from payments firm Visa showed on Monday.

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UK consumers remain most upbeat since 2015 - IHS Markit 17 Sep 2018

LONDON British households' confidence about their financial situation held at its highest since 2015 this month, as their concern about inflation eased and they were relaxed about prospects for the year to come, a survey showed on Monday.

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Carney warns of 'no-deal' Brexit house price crash - newspaper 14 Sep 2018

LONDON Britain's property market would crash and mortgage rates spiral up in the event of a chaotic no-deal Brexit, with house prices falling 35 percent over three years, Bank of England Governor Mark Carney told ministers, The Times newspaper reported. | Video

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Bank of England holds rates steady, sees more Brexit uncertainty 13 Sep 2018

LONDON The Bank of England kept interest rates on hold on Thursday and highlighted greater financial market concerns about Brexit, a month after raising borrowing costs for only the second time in more than a decade.

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UK house prices steady, sales weakest in five months - RICS 13 Sep 2018

LONDON House prices in London fell last month at the fastest pace since April but there were strong gains away from southern England, giving a broadly flat picture overall, the Royal Institution of Chartered Surveyors said on Thursday.

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