Edition:
India

Andy Bruce

UK expenditure strains budget as Johnson eyes more spending

21 Aug 2019

LONDON Higher government spending ate into Britain's seasonal budget surplus in July, underlining the budget constraints facing Prime Minister Boris Johnson, who has promised to boost outlays as he prepares the country for Brexit.

Online spending helps UK retail sales grow unexpectedly in July

15 Aug 2019

LONDON British retail sales unexpectedly edged up in July, helped by the strongest growth in online spending in three years, as consumers continued to support the economy before the Oct. 31 Brexit deadline. | Video

UK yield curve inverts for first time since 2008 as global market gloom sets in

14 Aug 2019

LONDON Britain's government bond yield curve inverted on Wednesday for the first time since the global financial crisis, mirroring a move in the United States where it is traditionally a sign that some investors think a recession is nearing.

UK inflation unexpectedly overshoots BoE target in July

14 Aug 2019

LONDON Britain's inflation rate unexpectedly overshot the Bank of England's 2% target on Wednesday, raising the cost of living even before sterling's slide has had much chance to feed into consumer prices.

UK jobs market shines, but clouds on horizon

13 Aug 2019

LONDON Britain's labour market showed unexpected strength in the second quarter but economists said this could prove a high water mark, after figures last week showed the economy contracted as businesses braced for a potentially disruptive Brexit. | Video

Brexit hazard warning lights: UK economy contracts for first time since 2012

09 Aug 2019

LONDON The British economy shrank unexpectedly for the first time since 2012 in the second quarter, dragged down by a slump in manufacturing just as Prime Minister Boris Johnson prepares to leave the European Union with or without a divorce deal.

UK enters shock economic downturn ahead of Brexit, first since 2012

09 Aug 2019

LONDON Britain's economy shrank for the first time since 2012 in the second quarter, a severe hangover from a pre-Brexit stockpiling boost and one that bodes poorly as Prime Minister Boris Johnson gears up to leave the EU in October. | Video

Brexit hazard warning lights: UK economy contracts for first time since 2012

09 Aug 2019

LONDON, Aug 9 The British economy shrank unexpectedly for the first time since 2012 in the second quarter, dragged down by a slump in manufacturing just as Prime Minister Boris Johnson prepares to leave the European Union with or without a divorce deal.

UK services bounce fails to budge recession fears

05 Aug 2019

LONDON Britain's dominant services sector unexpectedly perked up in July, a major survey showed on Monday, but this did little to shift fears that Brexit risks and U.S.-China trade tensions are pushing the economy close to recession.

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