United Kingdom

David Milliken

Johnson raises prospect of multi-billion pound payroll tax cut

7:36am GMT

LONDON British Prime Minister Boris Johnson said on Wednesday he planned a multi-billion-pound tax cut if he wins an election on Dec. 12, by raising the amount of earnings exempt from social security payments.

Johnson drops corporate tax cut plan in bid to woo voters

19 Nov 2019

LONDON British Prime Minister Boris Johnson said on Monday he was putting on hold further cuts in corporation tax and told voters he would use the money for spending on health and other priorities. | Video

UK shoppers buy less, adding to slowdown signs for economy

14 Nov 2019

LONDON British consumers, whose spending has helped the economy through the Brexit crisis, cut back on their shopping in October, according to official data that adds to signs the economy is losing momentum.

UK jobs fall by most in over four years as election nears

12 Nov 2019

LONDON Britain's employers cut more jobs from July to September than in any quarter for four years, according to official data, which highlighted how the labour market is slowing as an election nears although the fall was smaller than economists forecast. | Video

UK economy dodges recession, but annual growth slowest since 2010

11 Nov 2019

LONDON Britain's economy grew at its slowest annual pace in nearly a decade during the three months to September as the global slowdown and Brexit worries hit manufacturing and business investment, official figures showed on Monday. | Video

Conservatives warn of economic crisis under Labour, citing disputed dossier

10 Nov 2019

LONDON British finance minister Sajid Javid said on Sunday the opposition Labour Party's "reckless" spending plans would trigger an economic crisis within months if it won the Dec. 12 election, citing a contested dossier published by his Conservative Party. | Video

Global optimism, UK spending promises lift long gilt yields to three-month high

07 Nov 2019

LONDON British long-dated government bond yields rose to their highest in more than three months on Thursday as a global improvement in risk appetite and the prospect of big increases in public spending overshadowed a more dovish Bank of England.

Bank of England surprises as two officials back rate cut

07 Nov 2019

LONDON Two Bank of England officials unexpectedly voted to lower interest rates on Thursday to ward off an economic slowdown, and others including Governor Mark Carney said they would consider a cut if global and Brexit headwinds do not ease. | Video

Bank of England to keep rates steady in pre-election meeting

07 Nov 2019

LONDON Britain's central bank looks set to sit out the global shift towards lower interest rates on Thursday, though investors will watch for any policymaker who might break ranks and vote to give the country's slowing economy more help.

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