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UK Factory Activity Edges up From March’s One-Year Low – PMI
Date: May 3, 2022
By David Milliken LONDON (Reuters) – British factory activity edged up in April after slowing to its weakest in just over a year in March following Russia’s invasion of Ukraine, but manufacturers were wary about the outlook as costs leapt and demand faltered, a survey showed on Tuesday. The S&P Global/CIPS manufacturing Purchasing Managers’ Index...
Sterling Set for Biggest Monthly Drop Since October 2016 vs Dollar
Date: April 29, 2022
(Reuters) -Sterling rose against the dollar on Friday but was still set for its sharpest monthly drop since October 2016, while edging higher against the euro. The greenback slipped from 20-year highs against a basket of currencies on Friday but remained on track for the best month in seven years on concerns about the global...
Bank of England Sketches Out Lighter Regime for Small Banks
Date: April 29, 2022
By Huw Jones LONDON (Reuters) – Banks in Britain with no more than 15 billion pounds ($19 billion) in assets could benefit from lighter capital requirements given they would pose less of a risk to financial stability if they went bust, the Bank of England said on Friday. Britain’s departure from the European Union makes...
Local Elections Could Spell End of the Party for UK’s Johnson
Date: April 29, 2022
By Andrew MacAskill and Michael Holden NEWCASTLE-UNDER-LYME, England (Reuters) – John Jones is the sort of voter that British Prime Minister Boris Johnson cannot afford to lose – but already has. Jones, who backed Johnson’s Conservatives at the national election three years ago when the party swept to a landslide victory, regrets his decision after...
Britain Delays Full post-Brexit Import Checks Until Late 2023
Date: April 28, 2022
By Muvija M and William Schomberg LONDON (Reuters) -Britain has delayed imposing its full post-Brexit import controls on goods from the European Union again, pushing it back until the end of next year, saying it did not want to add more fuel to fast-rising inflation. Britain left the EU’s single market in January 2021 and...
Britain Delays Full post-Brexit Import Checks Until Late 2023
Date: April 28, 2022
By Muvija M and William Schomberg LONDON (Reuters) -Britain has delayed imposing its full post-Brexit import controls on goods from the European Union again, pushing it back until the end of next year, saying it did not want to add more fuel to fast-rising inflation. Britain left the EU’s single market in January 2021 and...