Brexit uncertainty

LONDON | Brexit unease sees UK economy takes a turn for the worse

LONDON (AP) — The British economy has not had a worse year since the global financial crisis and Brexit uncertainty is clearly to blame. The government even admits it. Official figures released Monday showed that a lack of clarity over Brexit weighed on businesses throughout 2018 and kept a lid on their investments. For 2018 … Continue reading LONDON | Brexit unease sees UK economy takes a turn for the worse

LONDON | UK car sales fell in 2018 by most since financial crisis

LONDON—Jan 07, 2019— A lobby group for the U.K. auto industry says new vehicle sales in 2018 fell by their biggest rate since the global financial crisis a decade ago. The Society of Motor Manufacturers and Traders said Monday that new car sales during the year were down by 6.8 percent from the year before … Continue reading LONDON | UK car sales fell in 2018 by most since financial crisis

LONDON | UK’s key services sector barely growing amid Brexit concern

LONDON— New data shows that Britain’s huge services sector is struggling in the face of Brexit. A closely watched survey from financial data firm IHS Markit and the Chartered Institute of Procurement and Supply shows that activity in the services sector was at its lowest since July 2016, just after the country voted to leave … Continue reading LONDON | UK’s key services sector barely growing amid Brexit concern

LONDON | UK economy gets World Cup lift in face of Brexit uncertainty

LONDON — A spike in consumer spending driven by warm weather and England‘s surprise advance to the semifinals of the soccer World Cup helped the British economy post its best growth in nearly two years during the third quarter, official figures showed Friday. However, the 0.6 percent quarterly rate may not be sustainable. It was … Continue reading LONDON | UK economy gets World Cup lift in face of Brexit uncertainty

LONDON | UK central bank keeps rates low amid Brexit uncertainty

LONDON — The Bank of England has kept interest rates on hold amid conflicting signals on the economy and Brexit uncertainty. Policymakers voted 6-3 to keep the main rate at 0.5 percent as economists looked to their August meeting, when the next set of quarterly forecasts are published. Policymakers face a dilemma on the timing … Continue reading LONDON | UK central bank keeps rates low amid Brexit uncertainty