Edition:
United Kingdom

David Milliken

UK retailers curb investment plans ahead of Brexit - CBI

22 Feb 2019

LONDON British retailers plan the least investment in seven years ahead of the country's departure from the European Union, and job cuts in the sector have gathered pace, a major survey showed on Friday.

UK posts record budget surplus in January, boosting Hammond before budget update

21 Feb 2019

LONDON Britain posted its biggest budget surplus on record in January despite a slowing economy, putting finance minister Philip Hammond on course to announce the lowest annual borrowing since 2002 in a fiscal update due just before Brexit next month.

UK jobs market defies economy's Brexit slowdown

19 Feb 2019

LONDON British workers' pay growth maintained its fastest pace in a decade in late 2018 and job creation stayed strong, data showed, suggesting the labour market was buoyant ahead of Brexit as the broader economy slowed.

UK manufacturers warn of 'catastrophic' no-deal Brexit

19 Feb 2019

LONDON Britain faces the "catastrophic prospect" of a no-deal Brexit next month due to the selfishness of some politicians and chaotic parliamentary proceedings, the head of the country's main manufacturing association said on Tuesday.

UK household sentiment at 11-month low on job fears - IHS Markit

18 Feb 2019

LONDON British households grew more downbeat about their finances this month as job worries rose to the highest in over a year, reflecting a slowing economy and uncertain prospects for Brexit in less than six weeks' time.

UK retail sales bounce as shoppers flock to January sales

15 Feb 2019

LONDON British retail sales rebounded strongly in January as steep clothing discounts attracted wary shoppers, bucking a slowdown in consumer spending ahead of Brexit.

Bank of England's Carney spells out no-deal Brexit hit to UK

12 Feb 2019

LONDON Bank of England Governor Mark Carney warned on Tuesday of the potential shock to Britain's economy from Brexit which could serve as an "acid test" for countries around the world trying to respond to the challenges of globalisation. | Video

MPs and peers ramp up call to fix flawed inflation measure

12 Feb 2019

LONDON British lawmakers stepped up calls to lower an outdated inflation measure used for repayments of government bonds, which could reduce payments to investors by £1 billion a year.

UK economy at weakest since 2012, as Brexit, global worries bite

12 Feb 2019

LONDON Britain's economy slowed sharply in late 2018, pushing annual growth to a six-year low as worries about Brexit hammered business investment and a weakening global economy weighed on trade, data showed on Monday.

UK public services face post-Brexit squeeze, forecasters warn

11 Feb 2019

LONDON Many British public services risk ongoing real-terms cuts for years to come, despite a softer fiscal stance from finance minister Philip Hammond, a major think tank predicted ahead of a half-yearly budget update next month.

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