United Kingdom

David Milliken

UK workers get biggest pay rise in a decade

10:16am GMT

LONDON British workers received their biggest pay rise in a decade in the three months to October as the country's strong labor market showed no sign of weakening ahead of Brexit, official figures showed on Tuesday.

UK economy slows in three months to October, Brexit uncertainty looms

10 Dec 2018

LONDON Britain's economy lost speed in the three months to October, reflecting lower car sales and factory stoppages due to weaker demand that business groups blamed on uncertainty about Brexit.

You wanted it, you got it: Carney defends BoE Brexit report

04 Dec 2018

LONDON Bank of England Governor Mark Carney hit back at critics of the central bank's warnings of a potentially big Brexit hit to the economy, denying allegations of scare-mongering made by some lawmakers who oppose Prime Minister Theresa May's plans. | Video

UK house price growth edges off five-year low - Nationwide

30 Nov 2018

LONDON British house price growth picked up slightly this month from October's five-year low, but the future outlook remains depressed by an uncertain economy and a squeeze on household budgets, major mortgage lender Nationwide said on Friday.

Extreme Brexit could be worse than financial crisis for UK - BoE

29 Nov 2018

LONDON Britain risks suffering an even bigger hit to its economy than during the global financial crisis 10 years ago if it leaves the European Union in a worst-case Brexit scenario in four months' time, the Bank of England said on Wednesday. | Video

British banks withstand disorderly Brexit in Bank of England test

28 Nov 2018

LONDON All seven British banks and building societies in this year's Bank of England stress test passed, indicating they could withstand a disorderly Brexit without having to curb lending.

Worst-case Brexit more painful than global financial crisis, Bank of England warns

28 Nov 2018

LONDON Britain risks a bigger hit to its economy than during the global financial crisis a decade ago if it leaves the European Union in a "disorderly" manner in March next year, the Bank of England warned on Wednesday.

Hammond says no-deal Brexit would cost tens of billions

21 Nov 2018

LONDON Leaving the European Union without a transition deal would cost Britain tens of billions of pounds, and failure to support Prime Minister Theresa May's preferred plan could jeopardise Brexit altogether, Chancellor Philip Hammond said on Wednesday.

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