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British economy

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Business

UK central bank signals new rate cut to head off Brexit vote slowdown

Britain’s central bank has left the cost of borrowing unchanged but signaled a probable cut in the benchmark lending rate to just above zero later this year.

Britain’s central bank has left the cost of borrowing unchanged but signaled a probable cut in the benchmark lending rate to just above zero later this year.

Business

Eurozone manufacturing 'wavering', British manufacturing rebounds

Manufacturing growth in the eurozone slowed in August partly due to the effect of the Brexit vote. The weaker pound boosting exports help UK manufacturing rebound.

Manufacturing growth in the eurozone slowed in August partly due to the effect of the Brexit vote. The weaker pound boosting exports help UK manufacturing rebound.

Nocomment

Night tube starts in London

The London Underground began its first overnight service in the early hours of Saturday morning, a move city leaders hope will make the British capital a 24-hour city and bolster the local…

The London Underground began its first overnight service in the early hours of Saturday morning, a move city leaders hope will make the British capital a 24-hour city and bolster the local…

News

London gets first 24-hour tube service

London has taken the first step towards realsing its ambition to become a truly 24-hour city by opening two tube lines for an all-night service, with plans to extend to more lines if it is a…

London has taken the first step towards realsing its ambition to become a truly 24-hour city by opening two tube lines for an all-night service, with plans to extend to more lines if it is a…

Business

More massive losses at Royal Bank of Scotland

Royal Bank of Scotland has sunk deeper into the red and said it is likely to take even longer than expected to return to profit.

Royal Bank of Scotland has sunk deeper into the red and said it is likely to take even longer than expected to return to profit.

Business

UK economy was growing before Brexit vote, retail sales fall since vote

Newly released statistics show that before the Brexit vote the UK's economy grew fairly robustly and after the vote British retailers suffered their sharpest fall in sales in four years.

Newly released statistics show that before the Brexit vote the UK's economy grew fairly robustly and after the vote British retailers suffered their sharpest fall in sales in four years.

Business

UK heading for recession post-Brexit, finance minister promises response

UK finance minister Philip Hammond has promised a 'reset' of government policy if Britain's economic weakness continues after business surveys showed a fall in orders and confidence.

UK finance minister Philip Hammond has promised a 'reset' of government policy if Britain's economic weakness continues after business surveys showed a fall in orders and confidence.

Business

UK jobless rate falls to 11-year low

Britain's jobless rate has fallen to its lowest level since October 2005. It was 4.9 percent of the workforce in the three months to May

Britain's jobless rate has fallen to its lowest level since October 2005. It was 4.9 percent of the workforce in the three months to May

Business

Euro 2016 kicks up UK inflation to 0.5% in June

Inflation in Britain was boosted in June by more expensive airfares as football fans flew to France for the Euro 2016 championships.

Inflation in Britain was boosted in June by more expensive airfares as football fans flew to France for the Euro 2016 championships.

Business

Bank of England surprises investors with no change to UK interest rates

The Bank of England has left the cost of borrowing unchanged in Britain - for now - which pushed down share prices in London and boosted the pound against the dollar and the euro.

The Bank of England has left the cost of borrowing unchanged in Britain - for now - which pushed down share prices in London and boosted the pound against the dollar and the euro.

Business

Pound boosted by UK leadership change

Britain's leadership change, with Theresa May taking over from David Cameron, has boosted the value of the pound, but not by much as foreign exchange traders believe it will fall further.

Britain's leadership change, with Theresa May taking over from David Cameron, has boosted the value of the pound, but not by much as foreign exchange traders believe it will fall further.

Business

Brexit sparks London commercial property panic

London's commercial property market has been shaken up by the Brexit vote with property funds having to be frozen to stop investors taking all their money out.

London's commercial property market has been shaken up by the Brexit vote with property funds having to be frozen to stop investors taking all their money out.

News

State of the Union: Brexit fallout continues

This is the State of the Union, euronews’ round-up of the top stories from the past seven days.

This is the State of the Union, euronews’ round-up of the top stories from the past seven days.

Business

Bank of England: fighting the Brexit blues

In this edition of Business Line we look at the role of Bank of England governor Mark Carney as he tries to calm the financial world following the Brexit vote.

In this edition of Business Line we look at the role of Bank of England governor Mark Carney as he tries to calm the financial world following the Brexit vote.

Business

UK finance minister wants post Brexit business tax cut

Finance minister George Osborne plans to cut UK business tax to less than 15 percent to try to cushion the effects of Brexit.

Finance minister George Osborne plans to cut UK business tax to less than 15 percent to try to cushion the effects of Brexit.

Business

Bank of England flags up summer stimulus to counter Brexit effects

The Bank of England's Governor Mark Carney has said more stimulus will probably been needed for the UK economy over the summer to counter the effects of Brexit.

The Bank of England's Governor Mark Carney has said more stimulus will probably been needed for the UK economy over the summer to counter the effects of Brexit.

News

Scotland and Northern Ireland: post-Brexit economic fears

Britain has voted to leave the European Union, but what about those areas that wanted to stay in, such as Scotland and Northern Ireland? That's the subject of this week's Business Line.

Britain has voted to leave the European Union, but what about those areas that wanted to stay in, such as Scotland and Northern Ireland? That's the subject of this week's Business Line.

Business

European share bounce back continues, weaker dollar helps the pound

The bounce back continues for Europe's stock markets. Britain's FTSE 100 index had recovered all of its post-Brexit losses by the end of trading on Wednesday.

The bounce back continues for Europe's stock markets. Britain's FTSE 100 index had recovered all of its post-Brexit losses by the end of trading on Wednesday.

News

Exchange rate woes as UK votes for Brexit

On the morning after the UK referendum vote to leave the EU, the British pound plunged to its lowest level since 1985.

On the morning after the UK referendum vote to leave the EU, the British pound plunged to its lowest level since 1985.

News

Lagarde says IMF stands ready to moderate Brexit effects

With the financial and stock markets in turmoil steady hands are needed on the levers of international finance and the International Monetary Fund’s director Christine Lagarde was quick to reassure th

With the financial and stock markets in turmoil steady hands are needed on the levers of international finance and the International Monetary Fund’s director Christine Lagarde was quick to reassure th

News

Bank of England poised to stem Brexit shockwaves

The Bank of England Governor Mark Carney has said its ready to intervene and provide additional help to prop up financial markets.

The Bank of England Governor Mark Carney has said its ready to intervene and provide additional help to prop up financial markets.

Business

British holidaymakers in dash to change cash

As summer gets into full swing its time for British holidaymakers to cash in their pounds for euros and dollars.

As summer gets into full swing its time for British holidaymakers to cash in their pounds for euros and dollars.