News And Announcements
Theresa May lost control of the Brexit departure date on Thursday as EU leaders agreed a short postponement despite an appeal for a three month delay from the British prime minister.
Activity in the US manufacturing sector hit a 21-month low in March, according to preliminary data released on Friday.
Britain's employers and unions have called on Theresa May to abandon her uncompromising stance and seek consensus to avoid a “reckless” no-deal Brexit, while European Union leaders convened to decide on her request for an extension.
The Monetary Policy Committee chose to stay put on policy, continuing to guide markets towards gradual hikes in Bank Rate, even as it noted how uncertainty around Brexit might be distorting the signals coming from recent economic data.
The competition watchdog has announced an investigation into the supply of construction services in the UK.
UK government borrowing fell to a 17-year low for the financial year so far, supporting improved official forecasts and giving the chancellor room to ease the strain on public services.
UK retail bounced back more than expected last month, boosted by online non-food shopping and motor fuel sales.
Theresa May's request for a short Article 50 delay got a cold shoulder from European Union counterparts on Wednesday, while Parliament held an emergency Brexit debate.
Theresa May on Wednesday told the House of Commons that she is "not prepared to delay Brexit any further than the 30 June" but reports leaking from the European Union suggested otherwise.
Manufacturing output weakened in March, as Brexit uncertainty continued to weigh heavily on the sector.
House prices rose at their slowest annual rate for nearly six years in January, official figures showed on Wednesday, dragged down by ongoing weakness in the London market.
Inflation held steady in February, official data showed on Wednesday, further fuelling expectations that the Bank of England will leave interest rates unchanged when it meets later this week.
Office stationary retail chain Office Outlet, formerly known as Staples, on Tuesday confirmed that it has fallen into administration, putting 1,200 jobs at risk.
Theresa May will write to European Council president Donald Tusk to request a delay to the Brexit deadline, Downing Street confirmed on Tuesday afternoon.
UK employment reached a new record in the three months to January as employers hired more workers despite concerns about Brexit and the wider economy.
Sentiment among US housebuilders held steady in March, according to data released on Monday.
Currency markets were pessimistic on Monday that Theresa May can pull a Brexit rabbit from the hat as she tries to bring sceptical backbenchers and Northern Ireland’s DUP round to supporting her exit deal.
The European Union’s trade surplus with the United States continued to rise in January, further underlining tensions between Brussels and Washington.
The British Chambers of Commerce trimmed its growth expectations for the UK economy due to the continued Brexit uncertainty.
Universal basic income could be achieved in the UK at the same level of benefit spending seen in 2010, according to a report from the Compass think tank.