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Economy

 

Sterling weakness strengthens case for UK rate rise - BoE's Forbes

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LONDON Bank of England policymaker Kristin Forbes said on Thursday she feared the pound's weakness would have a lasting upward effect on inflation, and that she was concerned central banks were becoming more reluctant to raise rates than in the past.

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Who might move next? The Bank of England's rate-setters in focus 22 Jun 2017

LONDON Bank of England policymakers are increasingly split over the need to raise interest rates for the first time in a decade.

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UK factories have best month for orders since 1988 - CBI 22 Jun 2017

LONDON British factory orders have hit their highest level in nearly 30 years, according to a monthly Confederation of British Industry survey which might encourage Bank of England policymakers who favour an interest rate hike.

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May will cut corporation tax to encourage economic growth 22 Jun 2017

LONDON Prime Minister Theresa May said on Wednesday her government would continue to cut corporation tax to encourage businesses to invest in Britain and help the economy grow.

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Brexit uncertainty is hurting business investment - Hammond 22 Jun 2017

LONDON Large amounts of business investment is being postponed because of uncertainty over the future outcome of Brexit negotiations so Britain should seek clarity as early as possible over a transition arrangement, Chancellor Philip Hammond said.

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Haldane blows open Bank of England rate debate 21 Jun 2017

LONDON The Bank of England moved closer to ending its decade-long emergency support for Britain's economy on Wednesday when its chief economist, Andy Haldane, said he was likely to vote for an interest rate hike this year.

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Bank of England reports consumer squeeze, solid business investment 21 Jun 2017

LONDON The Bank of England reported on Wednesday that consumers were under growing pressure form rising inflation, but business investment plans had strengthened and sterling weakness was boosting export volumes.

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UK budget deficit narrows in May, bringing brief respite to Hammond 21 Jun 2017

LONDON, June 21 Britain's budget deficit narrowed last month, helped by a recovery in value-added tax receipts, giving Chancellor Philip Hammond some respite ahead of an expected increase in borrowing later this year.

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Bank of England's Carney says now not the time to raise rates 20 Jun 2017

LONDON Now is not the time to raise interest rates, Bank of England Governor Mark Carney said on Tuesday, warning that already weak wage growth risked a further loss of momentum as Britain prepares to leave the European Union. | Video

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Britain's CBI bumps up economic growth forecast for 2017 20 Jun 2017

LONDON The Confederation of British Industry on Tuesday bumped up its forecast for economic growth in Britain, reflecting strong momentum towards the end of last year rather than any fundamental change to its view.

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