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What is going on on with the UK financial system?

Picture caption Is the UK financial system too sizzling, too chilly, or simply proper? Greater than 1,000 days because the referendum, and with the clock ticking all the way down to 29 March, the trail of Brexit stays unclear. Forward of the 2016 vote, the Treasury warned that leaving may …

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Increase or bust: What tradition tells us about cash

Picture copyright Getty Photos Through the years, one monetary disaster after one other has ruined – or profited – these caught in the course of it. The pay and advantages of UK residents remains to be being affected by the newest disaster of a decade in the past. So when …

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Brexit fears increase British tourism

Uncertainty about Brexit is the most important single downside dealing with UK companies proper now. Nevertheless, for some sectors that uncertainty is proving to be an actual profit. The British tourism business has seen a surge in enterprise up to now this 12 months. Ashbourne Heights Vacation Park in Derbyshire’s …

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World markets fall amid slowdown fears

Picture copyright Getty Pictures Markets within the UK and US have tumbled with analysts attributing the drop to rising fears of a world slowdown. The FTSE 100 noticed its worst day of buying and selling this yr, finally closing 2% decrease. Within the US, the three foremost indexes fell between …

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UK rates of interest on maintain amid Brexit deadlock

Picture copyright Getty Pictures The Financial institution of England has stored rates of interest on maintain amid continued uncertainty over Brexit. All 9 members of the Financial institution’s Financial Coverage Committee (MPC) voted to maintain charges at zero.75%, the place they’ve been since August final yr. In the meeting’s minutes, …

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Trump spooks markets with China commerce tariffs warning

Picture copyright AFP US shares have fallen after President Donald Trump mentioned his administration was contemplating leaving tariffs on China for a “substantial interval”. Mr Trump mentioned commerce cope with Beijing was “coming alongside properly”, however his feedback dampened hopes a deal could be reached quickly. US negotiators are as …

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Boeing: US orders evaluate of 737 Max licence to fly

Picture copyright Getty Photos Picture caption Memorial service for victims of the Ethiopian Airways crash The US authorities has ordered a evaluate of the way in which Boeing’s 737 Max plane acquired its licence to fly. It comes after two crashes in 5 months, amid strategies from specialists that there …

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India ‘asks banks to rescue Jet Airways’

Picture copyright Reuters The Indian authorities has requested state-run banks to step in and save struggling service Jet Airways, based on Reuters. India has urged the banks to swap debt for fairness, and take stakes in Jet, the information company stated. With greater than $1bn (£750m) in debt, the airline …

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Dwelling leasehold system wants reform, say MPs

Picture copyright Getty Photos The UK’s leasehold system has left quite a lot of house owners in unsellable and unmortgageable properties and adjusted are wanted, committee of MPs says. Typically leaseholders in new-build properties are handled as a supply of revenue, the Housing, Communities and Native Authorities Committee (HCLG) says. …

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