Bank of England to consider adopting cryptocurrency

BoE one of central banks weighing potential benefits amid decline of cash and emergence of Facebook’s libra The Bank of England will examine how Britain could adopt a bitcoin-style digital currency as part of a global group of central banks that have j…

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Buoyant jobs market eases pressure on Bank of England to cut rates

Number in employment hits joint record high of 32.9 million in three months to NovemberBritain’s jobs market staged a stronger than expected recovery in the three months to November, according to official figures, easing pressure on Bank of England pol…

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If the UK doesn’t act now, the car industry will vanish | Phillip Inman

Brexit was the latest blow to the sector. Its future must not be left to the market – investment in electric vehicles is neededBritain’s economy is on course to grow by less than 1% in 2019. Last week’s retail sales figures for December, which showed t…

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IMF boss says global economy risks return of Great Depression

Kristalina Georgieva compares today with “roaring 1920s” and criticises UK wealth gapThe head of the International Monetary Fund has warned that the global economy risks a return of the Great Depression, driven by inequality and financial sector instab…

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Global markets rise despite slowest Chinese growth for 30 years

Investors shrug off slowdown as new data fuels optimism China can ride out US trade warChina’s economy stumbled last year to its lowest growth rate in almost 30 years after the tit-for-tat trade war with the US took its toll on manufacturing output and…

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Trump vaunts his China trade pact – but some say it’s too little, too late

While a cessation in hostilities is welcome, businesses have a lot of ground to make up, and few expect any further progressThe trade war with China is over; long live the trade war. That is the message from Donald Trump as the US president promotes a …

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UK house prices up 1.7% in December, lifting annual rise to 4%

Surprise figures from Halifax yet to be reflected in official house price index from ONSUK house prices leapt unexpectedly in December, rising by 1.7% from the previous month to push the annual increase to 4%, according to Halifax data.Combined with No…

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