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Sep 17, 2014

Most Bank of England officials oppose rate rise as wages stagnate

LONDON (Reuters) – Most Bank of England policymakers remained firmly against raising interest rates when they met this month, and data released on Wednesday showed wages rising at their slowest pace on record, indicating inflationary pressure will remain subdued.

The British economy is set to grow faster than other major advanced economies this year, and unemployment fell more than expected in the three months to July, reaching a five-year low of 6.2 percent compared with 7.7 percent a year before.

Sep 16, 2014

Slowing climate change makes economic sense; cities to lead-study

OSLO/LONDON (Reuters) – Investments to help fight climate change can also spur economic growth, rather than slow it as widely feared, but time is running short for a trillion-dollar shift to transform cities and energy use, an international report said on Tuesday.

    The study, by former heads of government, business leaders, economists and other experts, said the next 15 years were critical for a bigger shift to clean energies from fossil fuels to combat global warming and cut health bills from pollution.

Sep 9, 2014

Bank of England’s Carney says spring rate hike possible

LONDON, Sept 9 (Reuters) – The Bank of England might start
to raise interest rates next spring although the labour market
is still in the process of recovering from the financial crisis,
Governor Mark Carney said on Tuesday.

Carney pointed to last month’s BoE forecasts which showed
that if rates started to rise when markets predict, in the
spring of 2015, inflation would be on course to settle close to
the Bank’s 2 percent target in three years’ time.

Sep 8, 2014

Central bank poses challenge for independent Scotland

LONDON, Sept 8 (Reuters) – Scotland’s nationalists may have
to add the creation of a central bank and a currency to their
plan to build a new country, if they win next week’s
independence referendum.

The Plan A of Alex Salmond’s Scottish National Party has
long been for an independent Scotland to share the Bank of
England with the rest of the United Kingdom, along with the
pound as a joint currency.

Sep 3, 2014

Ukraine’s hard sell – now is the time to invest

LONDON (Reuters) – The Russians are raising the specter of a split in the country, the gas supply from across the border has been shut off and corruption remains a problem. 

But it is Andrii Kuzmenko’s job to persuade British investors that now is the best time to invest in Ukraine.

Aug 13, 2014

Bank of England’s Carney wrong-foots investors again

LONDON, Aug 14 (Reuters) – Bank of England Governor Mark
Carney is gaining a reputation for upsetting the financial
markets.

Coming from a policymaker who championed predictability when
he arrived in London a year ago, his apparently alternating
signals on interest rates have left many investors perplexed.

Aug 10, 2014

UK truckers busy as recovery builds, but pay still in the slow lane

LONDON, Aug 10 (Reuters) – Truck drivers in the Midlands
region of England have not been this busy for six years, but
there’s little sign of it in their pockets. It’s a theme
repeated across the country, as workers’ pay has failed to
reflect Britain’s surprisingly strong economic recovery.

“There is an absolutely huge shortage of drivers in the
Midlands,” said Neil Renwick, 46, a self-employed driver of
44-tonne vehicles who has been crisscrossing Britain for nearly
30 years.

Aug 8, 2014

Chelsea look to Fabregas as key to new season

LONDON (Reuters) – Chelsea fans have grown used to seeing new faces in their team at the start of each season but this year it is a familiar one that they are probably most excited about.

Cesc Fabregas was one of the stars of the Premier League during his eight years with London rivals Arsenal before he rejoined Barcelona, his boyhood club, in 2011.

Aug 8, 2014

Soccer-Chelsea look to Fabregas as key to new season

LONDON, Aug 8 (Reuters) – Chelsea fans have grown used to seeing new faces in their team at the start of each season but this year it is a familiar one that they are probably most excited about.

Cesc Fabregas was one of the stars of the Premier League during his eight years with London rivals Arsenal before he rejoined Barcelona, his boyhood club, in 2011.

Aug 7, 2014

Bank of England holds steady as rates debate heats up

LONDON (Reuters) – The Bank of England kept interest rates at their record low on Thursday, giving Britain’s fast economic recovery more time to build even as differences among its policymakers become more apparent.

The BoE’s Monetary Policy Committee left Bank Rate at 0.5 percent, the level it has maintained since the depths of the financial crisis more than five years ago.