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LONDON (Reuters) - Prime Minister Rishi Sunak said on Tuesday he would increase defence spending to 2.5% of GDP to reach 87 billion pounds ($108 billion) a year by 2030. WHY IT'S IMPORTANT Ukraine has repeatedly called for more Western to support t...
By Suban Abdulla and Andy Bruce LONDON (Reuters) – Britain’s economy fell into a recession in the second half of 2023, a tough backdrop ahead of this year’s expected election for Prime Minister Rishi Sunak who has promised to boost growth. Gross domestic product (GDP) contracted by 0.3% in the three months to December, having…
British lenders expect to see both supply and demand for mortgages to strengthen in the coming three months as the housing market strengthens further, a Bank of England survey showed on Thursday.... -April 11, 2024 at 04:49 am EDT - MarketScreener
-Bank of England policymaker Megan Greene said interest rate cuts in Britain should remain a way off because of the persistence of inflation pressure, which is still more of a threat than in the... -April 11, 2024 at 02:26 pm EDT - MarketScreener
Britain's construction industry expanded last month for the first time since August, albeit only slightly, according to a survey on Friday that added to signs of improvement in the economy after a... -April 05, 2024 at 04:32 am EDT - MarketScreener