United Kingdom

William Schomberg

UK hiring falls by most in over four years as Brexit nears

15 Oct 2019

LONDON Britain's jobs boom has weakened in the approach to Brexit with the number of people in work unexpectedly falling by the most in over four years and unemployment rising, official data showed on Tuesday. | Video

UK's Javid plans first post-Brexit budget on November 6

14 Oct 2019

LONDON Finance minister Sajid Javid said on Monday he planned to deliver Britain's first post-Brexit budget statement on Nov. 6, less than a week after the country's deadline for leaving the European Union, if it exits with a deal.

UK economy to dodge pre-Brexit recession but outlook weak

10 Oct 2019

LONDON Britain's economy looks to have dodged recession in the run-up to its deadline for leaving the European Union this month but the pace of growth has sagged as exporters felt the impact of the slowing world economy, official data showed on Thursday. | Video

Households helped to limit hit to UK economy as it shrank in second quarter - ONS

30 Sep 2019

LONDON Households helped to limit the damage to Britain's economy as it shrank in the second quarter ahead of Brexit, according to new data that also showed their financial health was less fragile than previously thought.

Bank of England says failure to reach end-October Brexit deal would hurt growth

19 Sep 2019

LONDON The Bank of England said Brexit uncertainty and slower world economic growth were increasingly causing Britain's economy to perform below its potential, and that a failure to reach a deal to leave the European Union by Oct. 31 would worsen the problem. | Video

UK inflation falls to lowest since 2016 in pre-Brexit boost to consumers

18 Sep 2019

LONDON Consumer prices in Britain rose last month at the slowest rate since December 2016, a pre-Brexit boost to the spending power of households who are also seeing the fastest wage growth in 11 years. | Video

UK pay growth hits 4% for first time since 2008 but hiring slows

10 Sep 2019

LONDON Britain's workers received their biggest pay rises in more than 11 years this summer as the unemployment rate fell back to its lowest since the mid-1970s, even as the country's political crisis over Brexit deepened. | Video

UK's Javid ramps up spending as election talk mounts

04 Sep 2019

LONDON British finance minister Sajid Javid said he was "turning the page on austerity" as he promised the biggest spending increases in 15 years, a move widely seen as part of Prime Minister Boris Johnson's push for an election to break the Brexit impasse.

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