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Apr 16, 2014

British unemployment plunges to five-year low, pay grows

LONDON (Reuters) – Britain’s unemployment rate unexpectedly dropped in the three months to February, reviving speculation the Bank of England will start raising interest rates earlier than it has signaled.

Wages also caught up with inflation for the first time in nearly four years, helping the government to ward off charges of a cost-of-living crisis before next year’s national election.

Apr 16, 2014

British unemployment hits five-year low, pay growth matches inflation

LONDON (Reuters) – Britain’s unemployment rate fell more than expected and pay growth caught up with inflation for the first time in nearly four years.

Sterling jumped and government debt prices fell after official statistics showed the unemployment rate sank to a five-year low of 6.9 percent in the three months to February, down from 7.2 percent in the three months to January.

Apr 16, 2014

Unemployment hits five-year low, pay growth matches inflation

LONDON (Reuters) – Britain’s unemployment rate fell more than expected and pay growth caught up with inflation for the first time in nearly four years.

Sterling jumped and government debt prices fell after official statistics showed the unemployment rate sank to a five-year low of 6.9 percent in the three months to February, down from 7.2 percent in the three months to January.

Apr 14, 2014

UK wages poised to pass recovery milestone

LONDON (Reuters) – Britain’s recovery from its deepest recession in decades looks set to pass a milestone this week when a six-year run of declining living standards is expected to show a turnaround.

An end to the erosion of earnings by inflation will be a welcome change for Prime Minister David Cameron as the May 2015 national election approaches, even if it will take several more years to repair the damage caused by the financial crisis.

Apr 11, 2014

Osborne touts UK recovery on return to skeptical IMF

LONDON (Reuters) – Finance minister George Osborne held up Britain’s recent strong pace of economic growth as vindication of his austerity program that came under fire from the International Monetary Fund last year.

Osborne, who is attending the IMF’s spring meetings in Washington this week, said healthier banks and a credible plan to fix public finances are essential to getting growth going again after the financial crisis.

Apr 8, 2014

Chelsea’s Demba Ba steps out of shadows to sink PSG

LONDON (Reuters) – Demba Ba’s career at Chelsea has had more stops than starts but whatever his future holds at the London club, his last-gasp goal against Paris St Germain means the Senegal striker will not be forgotten.

In a dramatic finale to the second leg of their Champions League quarter final, the Paris-born Ba, latched on to a deflected shot in the 87th minute to score from close range and send Chelsea into the last four of the competition on away goals.

Apr 8, 2014

Soccer-Chelsea’s Demba Ba steps out of shadows to sink PSG

LONDON, April 8 (Reuters) – Demba Ba’s career at Chelsea has had more stops than starts but whatever his future holds at the London club, his last-gasp goal against Paris St Germain means the Senegal striker will not be forgotten.

In a dramatic finale to the second leg of their Champions League quarter final, the Paris-born Ba, latched on to a deflected shot in the 87th minute to score from close range and send Chelsea into the last four of the competition on away goals.

Apr 8, 2014

UK economy basks in factory growth, IMF upgrade

LONDON, April 8 (Reuters) – Britain got a double boost on
Tuesday as its recovery from recession gathered more momentum
and the International Monetary Fund raised the country’s growth
forecasts by more than for any other major economy.

Factories expanded production far more quickly than expected
in February, UK statistics office data showed. Separate surveys
showed a strong first quarter for companies and a long-awaited
pick-up in wages.

Apr 8, 2014

UK economy extends recovery as factories boost output, wages rise

LONDON (Reuters) – Britain’s economy extended its strong recovery into this year, data showed on Tuesday, with manufacturing jumping by much more than expected, companies reporting a buoyant first quarter and signs of a pick-up in wages.

The pound surged as the Office for National Statistics said manufacturing output expanded by 1.0 percent in February from January – its biggest increase since September last year.

Apr 7, 2014

UK services firms hit new export high in first quarter: BCC survey

LONDON (Reuters) – British services firms reported the fastest growth in exports on record in the first quarter of 2014 and manufacturers also got off to a strong start to the year, a survey showed on Tuesday.

The British Chambers of Commerce (BCC) said its quarterly economic survey suggested the pace of economic recovery would continue in the short term.