EghtesadOnline: The pound strengthened, reversing an earlier decline against the dollar, after data showed the U.K. economy expanded more than forecast in the third quarter, reinforcing expectations that the Bank of England will raise interest rates next week.
EghtesadOnline: U.K. companies are getting more worried about the economy and feeling less confident in spending money on hiring or investing, according to a new report.
EghtesadOnline: Consumer borrowing and spending, which drove the UK economy in 2016, is slowing down. Both households and businesses are borrowing less, signaling an impending economic slowdown.
EghtesadOnline: British manufacturing grew more strongly than expected in December, showing the economy remained resilient to the end of the year despite June's Brexit vote shock, although 2017 looks like it will be more difficult.
EghtesadOnline: U.K. Chancellor of the Exchequer Philip Hammond told a Davos gathering on Friday that an inflation pickup will put a damper on consumers this year. The first signs may already be appearing.
EghtesadOnline: It’s tough to be gloomier than billionaire George Soros right now. America has elected a would-be dictator as president, the European Union is disintegrating, U.K. Prime Minister Theresa May won’t last long as her nation prepares to secede from the EU, and China is poised to become an even more repressive society, the investor told Bloomberg Television’s Francine Lacqua from the World Economic Forum in Davos.
EghtesadOnline: The U.K. government is drawing up plans to try to reassure investors amid expectations that Prime Minister Theresa May’s long-awaited blueprint for Brexit will cause more market turmoil, according to two people familiar with the situation.
EghtesadOnline: Britain could change its economic model to regain competitiveness if it were to leave the European Union without an agreement on market access, British finance minister Phillip Hammond said in a German newspaper interview published on Sunday.
EghtesadOnline: Bank of England Governor Mark Carney signaled he could raise banks’ capital requirements as early as this summer should the U.K. economy remain steady following the nation’s vote to leave the European Union.
EghtesadOnline: The UK is set to crash down the table of the world's largest economies because of Brexit, a report claims. And an analysis by the Center for Economics and Business Research says the slump in the value of the pound will take its toll on the country's economic growth.