UK wages rise at fastest rate for a decade despite Brexit risks

British workers’ pay rose 3.9% over last three months in sharp contrast to slowing economyBritish workers’ basic pay is growing at the fastest rate for more than a decade despite mounting risks to the economy as Brexit looms.In sharp contrast to the br…

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Bank of England warns of 1 in 3 chance of Brexit recession

Committee votes 9-0 to keep interest rates at 0.75% as uncertainty drags down the UK economyBritain has a one in three chance of plunging into recession as uncertainty over Brexit drags down the economy, the Bank of England has warned.Keeping interest …

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British consumer keeps UK plc afloat as key sectors start to sink

As a no-deal Brexit looms sterling is starting a steep slide and growth is stallingExperts debate the dataHow the Brexit vote affected UK economy – July verdictThe British consumer is holding up the country’s economic performance but key sectors are sh…

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How has Brexit vote affected the UK economy? July verdict

Each month we look at key indicators to see what effect the Brexit process has had on growth, prosperity and tradeExperts debate the dataBritish consumers keep the UK afloat Continue reading…

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No, a falling pound is not good. It’s a sign of weakness and decline | Dan Davies

Britain has a vocal weak-currency lobby but depreciation is not a route to long-term success, as Italy could tell youLike the weather, the foreign exchange market changes every day and appears at the end of the evening news. Unlike the weather, though,…

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Why Trump prefers Mario Draghi over Jerome Powell

As the US president at last gets his interest rate cut he must wish he could have had the bold ECB boss at the FedCentral bankers rarely say anything that sticks in the memory. Mark Carney has been at the Bank of England for the past six years and is k…

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London house prices fall at fastest rate in 10 years

It is the biggest plunge since the 7.0% annual drop recorded in August 2009, says ONSHouse prices in London have fallen at their fastest pace since the financial crash a decade ago as the capital bears the brunt of the nationwide torpor in the property…

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