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Aug 28, 2015

Popular fears aside, businesses often eager for migrant workers

LONDON (Reuters) – Raghad al Sous braved bombings in Syria to keep studying at school before fleeing in 2013 to rejoin her mother, who had been granted refugee status in Britain.

She is now about to start studying at university with the hope of becoming a hospital pharmacist.

Aug 22, 2015

Seven killed as jet crashes into cars at UK airshow

LONDON (Reuters) – A jet aircraft ploughed into several cars on a busy road near an airshow in southern England on Saturday, killing at least seven people, police said.

The vintage Hawker Hunter fighter jet crashed onto the A27 road, close to an airport in Shoreham where the airshow was taking place, near the south coast city of Brighton.

Aug 7, 2015

U.S. elephant lurks in the room at the BoE

LONDON (Reuters) – The Bank of England hit the public with a barrage of economic forecasts this week but made no mention of what may prove the biggest influence on when it starts to raise interest rates — what the U.S. Federal Reserve does next.

The British central bank surprised some investors on Thursday by sounding relaxed about keeping rates at a record low 0.5 percent, where they have sat since the nadir of the financial crisis more than six years ago.

Aug 7, 2015

U.S. elephant lurks in the room at the Bank of England

LONDON, Aug 7 (Reuters) – The Bank of England hit the public
with a barrage of economic forecasts this week but made no
mention of what may prove the biggest influence on when it
starts to raise interest rates — what the U.S. Federal Reserve
does next.

The British central bank surprised some investors on
Thursday by sounding relaxed about keeping rates at a record low
0.5 percent, where they have sat since the nadir of the
financial crisis more than six years ago.

Aug 7, 2015

Bank of England signals early 2016 hike after sterling climb

LONDON (Reuters) – The Bank of England pointed to a possible rise in interest rates early next year as just one of its top policymakers backed an immediate move and it said the strength of sterling meant inflation would only pick up slowly.

The pound fell sharply and investors briefly pushed back their bets on a first rate hike until June next year, before BoE Governor Mark Carney said the Bank was getting closer to beginning to undo its stimulus for Britain’s economy.

Aug 6, 2015

Lone BoE official votes to raise rates, others unrushed

LONDON (Reuters) – The Bank of England appeared in no rush to start raising interest rates on Thursday, with minutes showing just one top policymaker voted to do so this week while the bank forecasts only a slow pick-up in inflation, which sits at zero.

Sterling fell to its lowest in nearly two weeks against the dollar, while British government bonds rallied.

Aug 6, 2015

Lone Bank of England official votes to raise rates, others unrushed

LONDON (Reuters) – The Bank of England appeared in no rush to start raising interest rates on Thursday, with minutes showing just one top policymaker voted to do so this week while the bank forecasts only a slow pick-up in inflation, which sits at zero.

Sterling fell to its lowest in nearly two weeks against the dollar, while British government bonds rallied.

Aug 5, 2015

Bank of England likely to show split on rates as recovery builds

LONDON, Aug 6 (Reuters) – The Bank of England is likely to
say on Thursday that its policymakers have split over interest
rates, adding to expectations that the central bank is heading
for its first increase in borrowing costs in nearly a decade.

Despite inflation sitting at zero, at least two of the
Bank’s nine rate-setters are expected to have decided that it is
time to start weaning the British economy off record-low rates
after two years of strong growth.

Aug 5, 2015

Former BoE deputy governor to lift lid on UK statistics

LONDON (Reuters) – An official investigation into Britain’s economic statistics will seek ways to cast more light on the inner workings of companies to try to find solutions to a nagging productivity problem, the head of the review said.

Charlie Bean, a former Bank of England deputy governor who heads the review launched on Wednesday, also told Reuters he wanted Britain to modernise the way it measures what is going on in its economy by using digital technology to capture more data and analyse it in greater detail.

Aug 2, 2015

Wenger hails rugged Arsenal, Mourinho impressed

LONDON (Reuters) – Arsenal manager Arsene Wenger praised his team’s uncharacteristically rugged display after they beat champions Chelsea 1-0 in the Community Shield on Sunday.

Wenger denied, however, that he was giving up on his usual attacked-minded approach to football after frustrating many Arsenal fans for years by prioritising stylish play even though it did not produce much silverware.