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  • When will Britons get a pay rise? The Guardian - 4 hours ago
    When will Britons get a pay rise?

    The Bank of England has got its wage growth forecast wrong since 2010. The more splintered labour market becomes the more difficult it gets to predict pay rises. Photograph: Chris Radburn/PA

  • Investors are hopeful that Trump will wrap some details around tax reform and other programs when he speaks to Congress in the week ahead.

  • Emmanuel Macron unveils plans to slash taxes and public sector jobs

    Emmanuel Macron, the French presidential frontrunner, has unveiled proposals for tax and spending cuts, public sector job losses and investment just days after pledging to woo British businesses to France. Mr Macron, 39, an ex-banker who hopes to entice City banks to relocate to Paris, promised a substantial reduction …

  • Brexit: UK businesses are already facing recruitment crisis as Polish workers head home

    After a Brexit vote in which a primary concern was too much immigration, some might be applauding the trend, but for important UK industries it is already creating a serious problem, and one that provides a preview of what may be to come for the wider economy. The UK’s growing hospitality sector should be a Brexit winner. …

  • FTSE 100 struggles but pound edges higher amid growing concerns about political stability in Europe

    Growing fears about political instability in Europe drive pound higher

  • GLOBAL MARKETS-Stocks set record highs, oil jumps on inventory drop Reuters - UK Focus - Thu, Feb 23, 2017 16:19 GMT

    Global stock prices posted record highs for a third straight session on Thursday, propelled by an oil rally after a surprise drop in U.S. crude inventories and comments by U.S. Treasury Secretary Steven ...

  • Germany overtakes UK as fastest-growing G7 economy The Guardian - Thu, Feb 23, 2017 15:21 GMT
    Germany overtakes UK as fastest-growing G7 economy

    Germany overtook the UK as the fastest growing among the G7 states during 2016. The expansion pushed Britain into second place among the G7 industrialised nations, after the Office for National Statistics revised down annual UK growth to 1.8%, from an initial estimate of 2%. In the final quarter of 2016 Germany’s economy …

  • Germany runs up record budget surplus of nearly 24 bn euros

    The 1,260-strong special Federal Assembly, made up of national lawmakers and electors sent from Germany's 16 states, during the presidential election at the Bundesversammlung federal assembly Bundestag ...

  • World stocks held near record highs on Thursday and the dollar scuttled sideways after minutes of the latest U.S. Federal Reserve meeting showed policymakers in no rush to raise interest rates. Treasury and euro zone government bond yields fell or held steady too as ECB policymakers also signalled they weren't getting …

  • FX Focus: Dollar declines despite Fed's hint that rate hike will come 'fairly soon' International Business Times - Thu, Feb 23, 2017 12:29 GMT
    FX Focus: Dollar declines despite Fed's hint that rate hike will come 'fairly soon'

    The dollar was on the back foot against its main rivals on Thursday (23 February), with investors failing to get excited by comments from the US Federal Reserve which indicated an increase in interest rates will come sooner rather than later. Broadly flat against the euro, the greenback declined 0.13% and 0.20% against …

  • The chart that shows the UK is no longer the fastest growing G7 economy

    The UK can no longer claim to have been the fastest growing G7 economy in 2016. Berlin's official statistics agency confirmed Thursday that the German economy grew by 1.9 per cent, or 1.8 per cent on a calendar adjusted basis. This came after the Office for National Statistics on Wednesday revised down its initial estimate …

  • UK stands sixth worldwide when it comes to 'hard to fill' job roles, Indeed says International Business Times - Thu, Feb 23, 2017 05:47 GMT
    UK stands sixth worldwide when it comes to 'hard to fill' job roles, Indeed says

    The UK has the sixth highest proportion of 'hard to fill' roles in the world in 2016, revealed a report published on Thursday by job search engine, Indeed. According to the job-portal, 14.3% or one in seven UK vacancies was listed on its site for more than 60 days. The tightening labour market, the company said, is a …

  • Stocks finish mixed following release of Fed minutes but Dow marks ninth straight record close

    US markets closed mixed on Wednesday (22 February), with the Dow Jones managing to mark its ninth straight record close after the Federal Reserve minutes suggested a rate hike coming "fairly soon." The S&P 500 and Nasdaq, however, settled slightly lower.

  • Asia markets traded modestly lower on Thursday after a mixed close in U.S. equities as Fed meeting minutes hinted that a rate hike is coming 'fairly soon.'

  • What markets want to hear from Mnuchin CNBC - Wed, Feb 22, 2017 23:37 GMT

    Traders are hoping Treasury Secretary Steve Mnuchin will reveal what the Trump administration's tax reform plan will look like — and when they might see it.

  • The next interest rate increase could be closer than it appears.

  • Pound retreats from two-month high against euro on weak UK business investment data but French political nerves still weigh

    GDP growth accelerated in the last quarter of the year, speeding up from the 0.6pc initially estimated by the Office for National Statistics. GDP growth for 2016 as a whole was revised down, however, as extra data showed the economy got off to a slower start in the first quarter than previously thought.

  • Business rates row: PM says there will be help for hard-hit firms

    Firms hit hardest by the business rates rise will get "appropriate relief", Theresa May has insisted. Mrs May told MPs (BSE: MPSLTD.BO - news) she had instructed the Chancellor and Communities Secretary to make sure there is "appropriate relief" for firms "particularly adversely" affected by the reforms. Conservative …

  • Business rates row: PM says there will be help for hard-hit firms

    Firms hit hardest by the business rates rise will get "appropriate relief", Theresa May has insisted. Mrs May told MPs (BSE: MPSLTD.BO - news) she had instructed the Chancellor and Communities Secretary to make sure there is "appropriate relief" for firms "particularly adversely" affected by the reforms. Conservative …

  • FX Focus: Pound climbs above €1.19 for the first time in 2017 after GDP data International Business Times - Wed, Feb 22, 2017 14:18 GMT
    FX Focus: Pound climbs above €1.19 for the first time in 2017 after GDP data

    The pound gained ground on Wednesday (22 February), climbing above €1.19 for the first time this year, after official data showed the UK economy grew more than expected in the fourth quarter of last year. According to the Office for National Statistics, Britain's GDP grew 0.7% on a quarterly basis in the three months to …

  • GLOBAL MARKETS-Global stocks top 2016 gains, dollar up before Fed minutes Reuters - UK Focus - Wed, Feb 22, 2017 12:56 GMT

    Global stocks hit record highs on Wednesday, topping 2016's gains just two months into 2017, while the dollar rose before Federal Reserve minutes that will be scoured for clues about the next U.S. interest ...

  • UK economy beats gloom but ‘cracks are developing’ Evening Standard - Wed, Feb 22, 2017 12:39 GMT
    UK economy beats gloom but ‘cracks are developing’

    The UK economy is confounding the doomsayers for now after faster growth at the end of 2016 — but the surprise spurt might be “as good as it gets”, experts have warned.

  • The EU is getting tough on Italy's insanely high debt Business Insider - Wed, Feb 22, 2017 12:31 GMT
    The EU is getting tough on Italy's insanely high debt

    The European Union is sounding the alarm on Italy's massive debt pile and warning that the country must take action soon or risk being declared in breach of EU rules. The European Commission released its annual economic and social analysis of EU Member States on Wednesday and Italy was singled out for special treatment, …

  • Manufacturing drives GDP rise of 0.7% in last three months of 2016

    The UK's gross domestic product (GDP) grew by 0.7% in the final three months of last year, up from an initial estimate of 0.6%. The figures from the Office for National Statistics showed that the increase was driven by a boost to manufacturing, which rose 1.2% over the period, and by a 0.8% rise in the services industry. …

  • Brexit economy: can consumers keep shoring up the UK? The Guardian - Wed, Feb 22, 2017 10:41 GMT
    Brexit economy: can consumers keep shoring up the UK?

    Consumer spending has helped prop up the UK economy since the Brexit vote. Rising fuel and food prices are eating into household budgets as the impact of the Brexit vote on the value of the pound pushes up inflation, according to a Guardian analysis that casts doubt over how much longer consumers can continue to shore …

  • British economy grows 0.7% in final quarter of 2016 AFP - Wed, Feb 22, 2017 10:18 GMT
    British economy grows 0.7% in final quarter of 2016

    Britain's economy grew by a better-than-expected 0.7 percent in the final three months of last year, official revised data showed

  • UK GDP growth revised upward in fourth quarter, but annual figure is downgraded International Business Times - Wed, Feb 22, 2017 10:18 GMT
    UK GDP growth revised upward in fourth quarter, but annual figure is downgraded

    The UK economy grew slightly faster than expected in the final three months of the year, although it fared worse than initially forecast over the last 12 months as a whole, according to official figures released on Wednesday (22 February). The Office for National Statistics (ONS) reported that Britain's gross domestic …

  • UK's economy accelerated at the end of 2016 The Telegraph - Wed, Feb 22, 2017 10:16 GMT
    UK's economy accelerated at the end of 2016

    Enthusiastic British shoppers boosted the economy in the final three months of last year, pushing growth up to 0.7pc in the quarter, faster than was first thought. GDP growth accelerated in the last quarter of the year, speeding up from the 0.6pc initially estimated by the Office for National Statistics. The economy had …

  • BRITAIN BEATS: The UK economy grew faster than previously thought at the end of 2016

    Britain's economy grew faster than previously thought in the fourth quarter of 2016, according to a second estimate of GDP released by the Office for National Statistics on Wednesday. According to the ONS' data, GDP grew by 0.7% in the quarter at the second reading, above the previous reading of 0.6% released in January. …

  • Brexit latest: Growth for final quarter of 2016 revised up to 0.7 per cent

    The UK economy picked up its pace of growth in the final quarter of last year, although full year GDP growth for 2016 was revised down and economists pointed to multiplying signs of a slowdown to come. The Office for National Statistics’ first estimate of growth for the three months to December, released last month, was …

  • The GSMA today launched a new report that encourages governments to pursue policies that incentivise investment and promote development of digital economies, building an inclusive digital future for their citizens. The report, “Embracing the Digital Revolution: Policies for Building the Digital Economy,” developed …

  • Lloyds sees profits more than double as PPI costs tumble but future is 'uncertain' International Business Times - Wed, Feb 22, 2017 08:13 GMT
    Lloyds sees profits more than double as PPI costs tumble but future is 'uncertain'

    Lloyds Banking Group said its annual pre-tax profits more than doubled to £4.2bn ($5.2bn), after slashing its payment protection insurance (PPI) provisions. It set aside £1bn for the long-running PPI insurance mis-selling scandal last year, compared to £4bn in 2015. Last year the bank posted a £1.6bn pre-tax profit.

  • FOREX-Dollar slips as market awaits Fed minutes Reuters - UK Focus - Wed, Feb 22, 2017 06:13 GMT

    The dollar lost ground in Asian trading on Wednesday as investors awaited the minutes of the Federal Reserve's latest meeting for clues as to the pace of interest rate hikes, while Europe's political woes kept a bruised euro under pressure. Cleveland Fed President Loretta Mester said late on Monday in a speech in Singapore …

  • There is no "orderly exit" from the euro. It is an oxymoron.

  • Milan laughs while Rome cries AFP - Wed, Feb 22, 2017 03:39 GMT
    Milan laughs while Rome cries

    Milan has become the nerve centre of Italy, teeming with projects and attracting tourists and foreign capital

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