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BoE chief economist boosts chance of August hike with vote for rate rise

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LONDON The Bank of England bolstered expectations that at its next meeting it will raise rates for only the second time in a decade, after its chief economist unexpectedly joined the minority of policymakers voting for a hike on Thursday. | Video

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Pay rises in major UK companies hold at 2.5 percent - XpertHR 21 Jun 2018

LONDON Pay rises agreed by major British employers held at 2.5 percent in recent months, industry data showed on Thursday, adding to a picture of modestly increased wage pressure in Britain.

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Bank of England to keep rates steady as winter chill slow to lift 19 Jun 2018

LONDON The Bank of England will be looking to see if Britain's economy has recovered from a severe winter chill as it weighs the prospects for a future interest rate rise this week.

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UK households see fastest income growth in at least nine years - IHS Markit 18 Jun 2018

LONDON British households enjoyed the fastest growth in employment income in at least nine years in June, according to a survey that may give the Bank of England concern that underlying inflation pressures are rising.

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UK housing market still weak despite sign of more sellers - RICS 14 Jun 2018

LONDON British house prices edged up from a five-and-a-half-year low in May and there was a tentative first sign of more properties for sale but it was too early to call a change in the sluggish property market, a surveyors group said.

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Fuel price jump fails to budge UK inflation from one-year low 13 Jun 2018

LONDON British inflation held at a one-year low in May despite a jump in fuel prices, leaving the chances of a Bank of England interest rate hike over the coming months finely balanced. | Video

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MPs call for tougher pay gap rules 13 Jun 2018

LONDON Britain's new gender pay gap rules should be tightened to ensure that highly-paid partners at consultancies, accountants and law firms cannot circumvent the spirit of the legislation, a parliamentary committee told the government on Wednesday.

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UK workers still await wage bounce despite jobs boom 12 Jun 2018

LONDON British wage growth remains sluggish despite another surge in job creation, official data showed on Tuesday, leaving the Bank of England still waiting for a clear sign that the economy is ready for higher interest rates.

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Tweeting about banking troubles? You're a fraudster's dream 08 Jun 2018

LONDON Customers who use social media to vent frustration at their banks when services go down are inadvertently making themselves targets for fraudsters, law enforcement officials and industry insiders said.

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UK public's expectations for interest rate hike wane in May - Bank of England 08 Jun 2018

LONDON The proportion of Britons who think interest rates are likely to rise over the next 12 months has fallen, according to a Bank of England survey published on Friday.

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UK house price growth slows in May - Nationwide

LONDON British house prices rose less than expected in May, figures from mortgage lender Nationwide showed on Thursday, adding to evidence of a slowing property market since the 2016 Brexit vote.

FCA ends fair treatment investigation into Scottish Widows

LONDON Britain's financial markets regulator said on Tuesday it had ended its investigation into Scottish Widows, as part of a thematic review into the fair treatment of longstanding customers in the life insurance sector.

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Labour could order biggest Bank of England shake-up in decades

LONDON Britain's opposition Labour Party could ask the Bank of England to target productivity to help boost the economy if it wins power, in the most radical change to the central bank's remit in more than two decades.

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