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Hammond seeks answer to voter unrest in new housebuilding push

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LONDON British finance minister Philip Hammond, under pressure to help weakened Prime Minister Theresa May in this week's budget, promised to speed up house building and said he had some room to help voters despite his squeeze on public finances.

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Surging global wealth prolonging record equity bull run 8:12am GMT

LONDON Have money, will invest. Coffers brimming from strongly growing economies and buoyant markets, the world's wealthy are providing fuel to history's longest ever equity bull run, lifting share markets to ever higher peaks.

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Centrica to scrap standard tariff to fend off energy price cap 11:42am GMT

LONDON Centrica is to scrap a higher rate tariff for new customers as part of industry efforts to see off price caps threatened by the government and said it had no plans to follow rivals and spin off its retail energy business.

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UK households feel the pinch as budget nears, Christmas sales seen down 8:07am GMT

LONDON British households felt more of a squeeze on their finances this month, a survey by data firm IHS Markit showed on Monday, and credit card firm Visa predicted spending over the Christmas holidays would fall in real terms for the first time since 2012.

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Number of new homes in England nears pre-crisis high 16 Nov 2017

LONDON The number of new homes coming onto the market in England reached nearly 220,000 in 2016-17, just short of the pre-financial crisis peak, as the government faces pressure to solve a growing housing shortage.

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Commentary: Global wealth - a rising tide lifts all yachts 16 Nov 2017

LONDON As the debate over wealth inequality rages, a paradox is expected to play out over the next five years: the share of people in the lowest strata will decline, while the wealth of the world's richest will grow faster than any other group.

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FCA targets pension scammers in Welsh steelworks 16 Nov 2017

LONDON Britain's markets watchdog is sending supervisors to Wales to make sure that 15 billion pounds in steelworker pensions does not become a "honey pot" for crooks.

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Bank of England's Broadbent says low unemployment to boost wages 15 Nov 2017

LONDON The Bank of England needs to stick with its assumption that lower unemployment will generate faster inflation, despite uncertainty about both this and the impact of Brexit on the economy, Deputy Governor Ben Broadbent said on Wednesday.

Legal & General launches ETF foray with Canvas platform deal 15 Nov 2017

LONDON Legal & General (L&G) , the owner of Britain's biggest fund manager, has staked its claim for a slice of the growing market for exchange-traded funds (ETFs) with a deal to buy Europe-focused platform Canvas.

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UK employment falls by most since 2015 as Brexit nears 15 Nov 2017

LONDON The number of people in work in Britain fell by the most in more than two years in the three months to September, a sign that a Brexit slowdown may be taking its toll on the economy's strong run of job creation. | Video

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Brexit and the City - The real estate agent's view

LONDON A booming financial services industry has reshaped London's skyline over the past 20 years, with gleaming towers dubbed the "Cheesegrater" and the "Walkie Talkie" testament to its impact. | Video

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JPMorgan to launch new trade venue for non-equity products - memo

LONDON JP Morgan Chase & CO, one of the world's top bond dealers, is planning to launch a new trading venue for all non-equity instruments, according to the contents of a memo sent to clients and seen by Reuters.

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Steady UK inflation leaves question mark over BoE rate action

LONDON British inflation unexpectedly held steady in October, wrong-footing the Bank of England and raising fresh questions about how fast the central bank will follow up on this month's interest rate hike. | Video

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