The Bank of England cut its growth forecast for Britain's economy to zero in the second quarter of 2019 and highlighted risks from global trade tensions and growing fears of a no-deal Brexit. BoE officials voted unanimously to hold interest rates at 0.75%, as expected, and stuck to their message ...
Boris Johnson, a former foreign secretary who helped lead the 2016 Brexit referendum campaign, is the runaway favourite to win a final pair of ballots on Thursday that will whittle down the race to replace Prime Minister Theresa May to two candidates. Johnson, who served as London mayor for eight ...
Britain's Chancellor of the Exchequer Philip Hammond warned contenders in the race to become prime minister that a no-deal Brexit could pull the United Kingdom apart and would deprive Britain's next leader of the money needed to end austerity. All four remaining candidates in the Conservative Party leadership contest have ...
Brexit risks are not priced in by bond markets and Britain's exit from the European Union could turn more bitter than expected, Anthony Linehan deputy director at Ireland's debt management agency warned on Wednesday. "To me (Brexit) is an area that isn't priced into markets and it can't be because ...
The CBI warn of "Brexit uncertainty biting" as factory orders slump to their lowest since the months following the EU referendum in 2016 Reuters report. British factory orders slid in June against a backdrop of stoppages in car production following uncertainty about when Britain will leave the European Union, the ...
What will the candidates vying to replace British Prime Minister Theresa May do about Brexit? May has resigned as Conservative Party leader, triggering a contest that will bring a new leader to power. Her successor's biggest task will be to take Britain out of the European Union - a job ...
Airbus Chief Executive Guillaume Faury said on Wednesday there was a growing risk Britain would leave the European Union without a withdrawal deal in a way that could damage the aerospace firm's performance next year. "We have been very clear on the potential negative consequences of a hard Brexit or ...
Whitbread Plc said on Wednesday its first-quarter room revenue was hit by tough market competition and ongoing Brexit uncertainty, and the company was cautious about near-term conditions as it tries to build out its Premier Inn brand. Whitbread, which was originally a brewer, has focused on its hotel business after ...
British opposition leader Jeremy Corbyn will back a move on Wednesday for the Labour Party to change its Brexit policy and support a second referendum in all circumstances, The Times reported, citing a senior Labour source. A paper by Corbyn's head of policy, Andrew Fisher, recommends that Labour support a ...