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Bank of England hikes UK growth forecast; holds rate

Bank of England hikes UK growth forecast; holds rate

The Bank of England on Thursday ramped up its UK economic growth forecasts for the next three years, despite Brexit storm clouds on the horizon.

British PM Theresa May to unveil industrial strategy to trigger 'ambitious' ideas

British PM Theresa May to unveil industrial strategy to trigger 'ambitious' ideas

Prime Minister Theresa May will unveil her new industrial strategy on Monday, pledging to spend billions of pounds on science, technology and research to spur a new "ambitious" way of doing business in Britain.

Bank of England raises UK growth forecast, holds rate

Bank of England raises UK growth forecast, holds rate

The Bank of England on Thursday hiked its economic growth forecast for next year, as it froze its key interest rate at a record-low 0.25 percent and left stimulus unchanged.

UK economy withstands Brexit "doom", bigger tests lie ahead

UK economy withstands Brexit "doom", bigger tests lie ahead

More than two months after the Brexit referendum, Britain`s economy has defied the direst predictions of what could happen if voters decided to leave the European Union.

British unemployment claims fall after Brexit vote

British unemployment claims fall after Brexit vote

Britain witnessed a surprise drop in claims for unemployment benefits in July, the immediate aftermath of the country`s vote in favour of exiting the European Union, official data showed Wednesday.

Brexit a danger to US financial stability: Treasury

 Britain`s vote last month to exit the European Union has raised the danger level for US financial stability, according to a US Treasury Department report released Monday.

UK economic growth revised higher: Data

UK economic growth revised higher: Data

Britain`s economy grew more than expected in the first quarter but output was still lower compared with the end of last year, official data showed on Tuesday.

British economy slows sharply to 0.3% growth in Q1

Britain`s economy grew far slower than expected in the first quarter of 2015, official data showed Tuesday, delivering a blow to the government just nine days before a general election.

Successful Indian companies fuelling UK economy: Study

The total number of people in the UK employed by Indian companies has increased by 10 percent; from 1,00,000 last year to nearly 1,10,000.

UK economy gets thumbs-up from OECD before elections

The OECD group of leading economies on Tuesday approved Britain`s running of the economy but warned about growing inequality, in a boost for Prime Minister David Cameron as elections loom.

Rapid UK recovery starts to slow from previous red-hot pace

Britain still looks on track to outpace other advanced economies this year after rapid growth eased only slightly in the three months to September, but a euro zone slowdown could hamper the recovery in the run-up to next May`s election.

Bank of England split on need to raise rates

Bank of England policymakers were split for a third month in a row over the need to lift its record-low interest rate, minutes of their last meeting showed on Wednesday.

British economy surprisingly strong

Britain`s recovering economy grew more than expected in the second quarter, revised official data showed on Tuesday.

Tata Group warns UK over harsh business tax regime

The Tata Group, one of Britain's largest employers in the manufacturing sector, has warned the government over its commercial tax rates system, saying it is making Britain less attractive for the industry.

British retail sales rise 0.1% in July

British retail sales grew by a weaker-than-expected 0.1 percent in July from the level in June, official data showed on Thursday.

British economy grows 0.8% in second quarter: data

Britain`s economy grew by 0.8 percent in the second quarter of 2014 compared with output in the first three months of the year, official data showed on Friday.

WEF 2014: UK proud of Indian investments driving JLR success, says Cameron

Pitching Britain as an attractive destination for investors, Prime Minister David Cameron on Friday said he was proud that Indian investments were driving the success story of Jaguar Land Rover.

UK 'turning a corner', registers 0.7% GDP growth

The UK economy has shown signs of recovery, registering a GDP growth of 0.7 percent in the second quarter of the year, with the Chancellor of the Exchequer saying that the country is "turning a corner".

'Royal birth could infuse 240 million pounds into UK economy'

The birth of the royal baby could add over 240 million pounds to the sluggish British economy as consumer spending gets a boost, analysts say.

British consumer confidence declines

The decline "implies the recovery in confidence has stalled, and real recovery looks a long way away", said Moon.