United Kingdom - Economic Meltdowns

LONDON (Reuters) - Britain's rich are selling up and moving out of the smartest neighborhoods of their own capital city, replaced by a wave of super-rich migrants who have more money to spend on high end property, new research found.Upmarket property consultant ...

Many people in low and middle income jobs in Britain have seen little improvement in their earnings over the last three decades, a report by the Trades Union Congress (TUC) said on Monday.The study, entitled the "The Livelihood Crisis", claims the incomes ...

CHICAGO (Reuters) - Grocery retailers' store-brand products are expected to double their share of the global packaged food market over the next 15 years to make up half the market, according to a report issued on Thursday.The report by Sebastiaan Schreijen, associate ...

Asia-focused banking giant HSBC said Monday that its net profit more than doubled to $13.16 billion (9.56 billion euros) last year as bad debts plunged to the lowest level since 2006.HSBC said in a results statement that pre-tax profits soared 170 percent ...

LONDON (Reuters) - The World Bank and World Health Organization have voiced fears that donor nations will slash health aid budgets because of the economic downturn, but experts said on Friday such a move could harm recovery prospects.Researchers from Britain and the ...

Most voters think the austerity spending cuts are unfairly hitting the poor, according to a poll out Sunday, as the government admitted it was struggling to get its message across.The ComRes poll for The Independent on Sunday and the Sunday Mirror found ...

Britain's plan to reduce its record deficit will stay on track this year because deep spending cuts and tax rises will not cut growth enough to cause a double-dip recession, leading economists said Tuesday.In a survey of economists for the Financial Times, ...

Adoption of Welsh pub by locals shows shifting community values in BritainBundled up against the cold, Dave Willis and wife Sue shovel snow from the pathway to The Raven Inn. Wendy Holifield carries out the sandwich board and plants it by the ...

The independent Office for Budget Responsibility (OBR) on Monday raised its 2010 growth forecast to 1.8 percent from 1.2 percent, citing a stronger-than-expected recovery, and slashed its estimate of job losses arising from spending cuts.However, the OBR also revealed that gross domestic ...

The latest forecast by the UK's tax and spending watchdog shows the Government's plan to tackle the deficit is working, Chancellor George Osborne has said.. Mr Osborne said the Office for Budget Responsibility's assessment was that there "will be no double-dip recession", ...

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Topic: United Kingdom

Britons leaving prime London, foreign rich move in

Most wages have stagnated over past 30 years: TUC

Store-brand food seen eating up market share

HSBC profits more than double to $13.16 bln

Hard times do not justify health aid cuts: study

Downing Street on defensive over cuts unease

Britain's austerity measures to stay on track: economists

Pub tale highlights Britain's new community ethos

Forecast slashes estimate of public sector job losses

UK recovery plan working: Osborne

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