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United Kingdom

David Milliken

UK yields lift off record lows on global stimulus bets

16 Aug 2019

LONDON Long-dated British government bond yields bounced off record lows and short-dated yields jumped to a four-week high on Friday, as investors paused for breath after ditching stocks in favour of bonds earlier this week.

Explainer: UK to loosen budget purse strings as Brexit nears

15 Aug 2019

LONDON Prime Minister Boris Johnson's government has made billions of pounds of new spending commitments in its first three weeks in office, even before the potential costs of a disruptive, no-deal Brexit are taken into account.

UK 30-year yields fall below 1% for first time on record

15 Aug 2019

LONDON British 30-year government bond yields <GB30YT=RR> fell below 1% for the first time on record on Thursday, after investors flocked into safe fixed-income assets on growing fears of a global recession.

Online spending helps UK retail sales grow unexpectedly in July

15 Aug 2019

LONDON British retail sales unexpectedly edged up in July, helped by the strongest growth in online spending in three years, as consumers continued to support the economy before the Oct. 31 Brexit deadline. | Video

UK inflation unexpectedly overshoots BoE target in July

14 Aug 2019

LONDON Britain's inflation rate unexpectedly overshot the Bank of England's 2% target on Wednesday, raising the cost of living even before sterling's slide has had much chance to feed into consumer prices.

UK jobs market shines, but clouds on horizon

13 Aug 2019

LONDON Britain's labor market showed unexpected strength in the second quarter but economists said this could prove a high water mark, after figures last week showed the economy contracted as businesses braced for a potentially disruptive Brexit. | Video

Brexit hazard warning lights: UK economy contracts for first time since 2012

09 Aug 2019

LONDON The British economy shrank unexpectedly for the first time since 2012 in the second quarter, dragged down by a slump in manufacturing just as Prime Minister Boris Johnson prepares to leave the European Union with or without a divorce deal.

UK enters shock economic downturn ahead of Brexit, first since 2012

09 Aug 2019

LONDON Britain's economy shrank for the first time since 2012 in the second quarter, a severe hangover from a pre-Brexit stockpiling boost and one that bodes poorly as Prime Minister Boris Johnson gears up to leave the EU in October. | Video

Brexit hazard warning lights: UK economy contracts for first time since 2012

09 Aug 2019

LONDON The British economy shrank unexpectedly for the first time since 2012 in the second quarter, dragged down by a slump in manufacturing just as Prime Minister Boris Johnson prepares to leave the European Union with or without a divorce deal.

UK delays public spending review to focus on Brexit

09 Aug 2019

LONDON Chancellor Sajid Javid said he would delay a long-planned review of public spending due this year to allow officials to focus on preparing for Brexit on Oct. 31.

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