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Economy

Brexit Secretary unmoved on calls to extend transition timetable

A British Cabinet minister has insisted the UK Government will stick to its Brexit timetable after facing calls to guarantee the UK will leave...

Construction sector declines amid political uncertainty and pre-election caution

The UK construction sector “sharply” declined last month on the back of political uncertainty and subdued demand ahead of the general election, according to...

German exports to UK drop again in first seven months of 2019

Germany’s exports to the UK have dropped 4.6% in the first seven months of 2019 compared with a year earlier. The decline continues a downward...

UK productivity drops at fastest pace for five years

Britain’s productivity has fallen at the fastest annual pace in five years in a sign that Brexit uncertainty is compounding an already weak spot...

Gove refuses to say if Government would abide by legislation blocking no deal

British cabinet heavyweight Michael Gove has refused to confirm the UK Government would abide by legislation blocking a no-deal Brexit if it is forced...

Donald Trump calls on US Federal Reserve to cut interest rates

Donald Trump has called on the Federal Reserve to cut interest rates by at least a full percentage point “over a fairly short period...

Britain’s economic growth set to stagnate in second quarter

Britain's economic growth is expected to have stagnated in the second quarter, as the manufacturing sector boost wears off while construction declines. Economists believe that...

Bank of England Governor steps up no-deal Brexit warnings

Shoppers and motorists will face higher prices, and a “substantial number” of firms could find they can no longer compete in the event of...

Consumer panic and food shortages weeks after no-deal Brexit, leak suggests

A no-deal Brexit could trigger “consumer panic”, food shortages and an increased security threat within a fortnight, according to a leaked British Government document. The...

US Federal Reserve cuts interest rate for first time in more than a decade

The US Federal Reserve has cut its key interest rate for the first time in a decade. The cut aims to counter threats ranging from...

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