Ross Walker News
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Prime Minister David Cameron marks the third anniversary of his coalition government tomorrow and the U.K. economy is only starting to gather momentum.
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Britain lost its top credit grade at Fitch Ratings, which cited a weaker economic and fiscal outlook as it became the second company to cut the country’s rating within two months.
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U.K. industrial production unexpectedly fell in January as factory output slumped, fueling concerns that Britain may slip into a triple-dip recession.
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George Osborne should be replaced as Britain’s chancellor of the exchequer, almost half of those questioned in a poll said, with a similar number urging him to ease his austerity program as the economy struggles to grow.
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Royal Bank of Scotland Group Plc pushed back its forecast for the first interest-rate increase by the Bank of England to August from May, citing a “lacklustre rebound” in construction activity in February.
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U.K. inflation held at the highest rate since May last month and pipeline price pressures increased as crude oil costs rose.
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Bank of England Governor Mervyn King was defeated in a push for more stimulus this month as officials considered options including a rate cut and expanding the range of assets purchased as ways to help the economy.
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Bank of England Governor Mervyn King may oversee another stalemate today as faster inflation and conflicting economic signals entrench a three-way split on his Monetary Policy Committee over the need for more stimulus.
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Britain posted its smallest September budget deficit since 2008, providing a boost for Chancellor of the Exchequer George Osborne as he struggles to meet his borrowing targets.
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U.K. manufacturing shrank the most in more than three years in July as export orders slumped, indicating the economy’s recession continued to deepen at the start of the third quarter.
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