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Nov 26, 2014

UK business investment unexpectedly drops in Q3

LONDON (Reuters) – British business investment unexpectedly fell in the third quarter of 2014 and growth relied heavily on household spending once again, raising fresh questions about the resilience of the economy’s recovery.

Wednesday’s more detailed breakdown of what drove growth in the three months to September confirmed that gross domestic product grew 0.7 percent during the quarter, unchanged from last month’s preliminary estimate.

Nov 26, 2014

Business investment unexpectedly drops in third-quarter, GDP unrevised

LONDON (Reuters) – British business investment unexpectedly fell in the third quarter of 2014 and growth relied heavily on household spending once again, raising fresh questions about the resilience of the economy’s recovery.

Wednesday’s more detailed breakdown of what drove growth in the three months to September confirmed that gross domestic product grew 0.7 percent during the quarter, unchanged from last month’s preliminary estimate.

Nov 22, 2014

Chelsea make quick work of West Brom to extend league lead

LONDON (Reuters) – Premier League leaders Chelsea turned on the power early on Saturday to beat 10-man West Bromwich Albion 2-0, showing they had learned their lesson from a late scramble to win their last home game.

The Londoners looked determined to bury West Brom as quickly as possible, scoring twice in the first 25 minutes to claim their 10th victory from 12 games and extend their lead to seven points over second-placed Southampton who play on Monday.

Nov 22, 2014

Soccer-Chelsea make quick work of West Brom to extend league lead

LONDON, Nov 22 (Reuters) – Premier League leaders Chelsea turned on the power early on Saturday to beat 10-man West Bromwich Albion 2-0, showing they had learned their lesson from a late scramble to win their last home game.

The Londoners looked determined to bury West Brom as quickly as possible, scoring twice in the first 25 minutes to claim their 10th victory from 12 games and extend their lead to seven points over second-placed Southampton who play on Monday.

Nov 21, 2014

UK public finances improve in October, remain far off-track

LONDON (Reuters) – Britain’s public finances improved slightly in October but finance minister George Osborne is still unlikely to meet his budget goals before next year’s general election.

Osborne said in March he aimed to slim the budget deficit by more than 10 percent over the following 12 months, helped by Britain’s fast-recovering economy.

Nov 21, 2014

UK public finances improve, but remain far off-track

LONDON (Reuters) – Britain’s public finances improved slightly in October but Chancellor George Osborne is still unlikely to meet his budget goals before next year’s general election.

Osborne said in March he aimed to slim the budget deficit by more than 10 percent over the following 12 months, helped by Britain’s fast-recovering economy.

Nov 20, 2014

UK retail sales rebound, set to counter growth slowdown

LONDON, Nov 20 (Reuters) – British retail sales jumped in
October, suggesting that shoppers will take the edge off an
end-of-year economic slowdown as Europe’s weak growth takes its
toll on Britain’s factories.

Sales volumes rose by a much stronger-than-expected 0.8
percent on the month, helped by purchases of furniture after the
housing market surged earlier this year and by falling prices,
data from the Office for National Statistics showed on Thursday.

Nov 19, 2014

Differences appear within majority of BoE rate-setters

LONDON (Reuters) – Differences over the risks to Britain’s economy surfaced this month among the Bank of England officials who have voted to keep interest rates on hold, complicating the outlook for monetary policy.

Minutes of the Monetary Policy Committee’s Nov. 5-6 meeting showed its members voted 7-2 for the fourth month in a row to maintain rates at their record low 0.5 percent, where they have been since early 2009 when the financial crisis was raging.

Nov 19, 2014

Differences appear within majority of Bank of England rate-setters

LONDON (Reuters) – Differences over the risks to Britain’s economy surfaced this month among the Bank of England officials who have voted to keep interest rates on hold, complicating the outlook for monetary policy.

Minutes of the Monetary Policy Committee’s Nov. 5-6 meeting showed its members voted 7-2 for the fourth month in a row to maintain rates at their record low 0.5 percent, where they have been since early 2009 when the financial crisis was raging.

Nov 18, 2014

Inflation edges up in October from five-year low

LONDON (Reuters) – British inflation edged up in October from a five-year low but prices are expected to weaken again soon, underscoring why the Bank of England is signalling it won’t start to raise interest rates until well into next year.

Consumer prices rose by an annual 1.3 percent in October, in line with economists’ forecasts in a Reuters poll and slightly higher than September’s 1.2 percent, the Office for National Statistics said on Tuesday.