BOE Gets Big Signal UK Economy Is Starting to Bounce Back

BOE Gets Big Signal UK Economy Is Starting to Bounce Back

The biggest part of the U.K. economy grew more than forecast in May, backing up the Bank of England’s view that a recent slump was temporary and keeping it on track for a rate hike in the summer. A measure of services jumped to a three-month high of 54 from 52.8, beating the reading of […]

May tells Trump that US tariffs on EU steel are unjustified

May tells Trump that US tariffs on EU steel are unjustified

Theresa May has told Donald Trump that US tariffs on EU steel are “unjustified and deeply disappointing”, speaking by phone with the American president for the first time since the levies were imposed last week. Downing Street said the 30 minute call on Monday afternoon was constructive and stressed the close national security relationship between […]

Fast Europe Open: UK construction PMI, Greece GDP

Fast Europe Open: UK construction PMI, Greece GDP

Alice Woodhouse in Hong Kong June 4, 2018 Print this page Italy’s UniCredit is plotting to merge with French rival Société Générale in a bold move that would see two of Europe’s big banks join forces, leading the way for an expected round of banking mergers on the continent.  Jean-Pierre Mustier, Unicredit’s French chief executive, […]

UK remembers London Bridge attack victims on 1st anniversary

UK remembers London Bridge attack victims on 1st anniversary

LONDON — Britain’s resolve to “stand firm” against terrorism is stronger than ever, Prime Minister Theresa May said Sunday, a year since a deadly vehicle-and-knife attack on London Bridge. The London Bridge carnage was one of a string of attacks in Britain in 2017 involving Islamic or far-right extremists that killed 36 people in all. […]

PM pays tribute to London Bridge victims and heroes on anniversary of terror attack

PM pays tribute to London Bridge victims and heroes on anniversary of terror attack

Britain’s resolve against terror has “never been stronger”, the prime minister has said, as she remembered the victims and paid tribute to those who intervened during the London Bridge attack a year ago today. Theresa May said the nationalities of the eight victims – from the UK, Canada, France, Australia and Spain – was “a […]

May 2018 was sunniest and warmest on record in UK

May 2018 was sunniest and warmest on record in UK

The UK has enjoyed its sunniest May on record, provisional figures show. A total of 245.3 hours of sunshine were measured across the country last month, according to the Met Office. This is more than any May since current records began in 1929. It was also the warmest May on record. The average daytime maximum […]

Now fixed, Visa outage disrupted 'millions' of payments in UK and Europe

Now fixed, Visa outage disrupted 'millions' of payments in UK and Europe

You may be having problems with your Visa card. Justin Sullivan/Getty Images If you wanted to use your Visa card to pay for something in the UK and Europe today, you had to use cash instead. Visa announced Friday that it experienced a “service disruption” that prevented transactions from going through.  We are currently experiencing […]

UK funeral prices to be probed

UK funeral prices to be probed

Image copyright Getty Images The high cost of funerals is to come under scrutiny, with two separate reviews being launched. The Competition and Markets Authority (CMA) is reviewing funeral costs, “to ensure that people are not getting a bad deal”. Meanwhile, the Treasury is focusing on concerns over pre-paid funeral plans. Consumer groups have complained […]

Former Ipswich mayor wins UK citizenship bid

Former Ipswich mayor wins UK citizenship bid

Image caption County councillor Inga Lockington served as the mayor of Ipswich in 2007 A former mayor of Ipswich has won her appeal against a decision by the Home Office to refuse her British citizenship. Inga Lockington moved to the UK in 1979 from Denmark when she married her husband Tim. She said she wanted […]