Topic: United Kingdom

Surprise 0.6% growth in third quarter

Britain's economy showed unexpectedly strong growth of 0.6 percent in the third quarter, official data revealed on Thursday, but the country still faces possible recession in the new year.The Office for National Statistics (ONS) revised higher its estimate for gross domestic product ...

Britain surprises with stronger growth

Britain's economy showed unexpectedly strong growth of 0.6 percent in the third quarter, official data revealed on Thursday but the country still faces possible recession in the new year.The Office for National Statistics (ONS) revised higher its estimate for gross domestic product ...

UK Conservatives take poll lead after EU veto

LONDON (Reuters) - Britain's Conservatives have overtaken the Labour opposition in an opinion poll for the first time this year, enjoying a bounce from Prime Minister David Cameron's veto of a new European Union treaty, the latest Reuters/Ipsos MORI poll showed on ...
Hong Kong has overtaken the United States and Britain to rank top in a World Economic Forum survey on countries' financial health published on Tuesday.Strong scores in non-banking financial services such as initial public offering (IPO) activity and insurance helped lift Hong ...

Government slashes economic growth outlook

The government slashed its growth outlook on Tuesday, blaming the impact of the eurozone debt crisis, and unveiled a £30-billion infrastructure scheme to help kickstart the economy.Finance minister George Osborne, delivering his autumn statement to parliament, insisted however that there would be ...

Britain slashes economic growth outlook

The British government slashed its growth outlook on Tuesday, blaming the impact of the eurozone debt crisis, and unveiled a £30-billion infrastructure scheme to help kickstart the economy.Finance minister George Osborne, delivering his autumn statement to parliament, insisted however that there would ...

UK growth slows to crawl, austerity to persist

LONDON (Reuters) - Britain's coalition government unveiled sharply lower economic growth forecasts on Tuesday and said it would take much longer than hoped to wipe out its deficit, meaning tough austerity measures would extend beyond the next election due in 2015.Finance Minister ...

UK growth forecasts cut, austerity to last longer

LONDON (Reuters) - The British government unveiled sharply lower economic growth forecasts on Tuesday and said it would take longer than hoped to wipe out its deficit, meaning that tough austerity measures would extend beyond 2015.Finance Minister George Osborne warned that the ...

Britain faces 'double-dip recession'

Britain's economy faces a double-dip recession, according to new forecasts from the OECD, which predicts the economy will start to shrink again in coming months.In the latest edition of its twice-yearly forecasts, the think-tank predicts Britain's GDP (gross domestic product) will shrink ...

Economic crisis takes toll on bankers

The pressure on London bankers to get to grips with the global financial crisis has led to stress, depression and insomnia among City workers, affecting even the most experienced bosses.The phenomenon was brought to light when the chief executive of Lloyds Banking ...
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