With Britain on the cusp of recession, 'doomsters' may be proven right | Business

With Britain on the cusp of recession, ‘doomsters’ may be proven right | Business

Gross domestic product (GDP) measures the total value of activity in the economy over a given period of time.  Put simply, if GDP is up on the previous three months, the economy is growing; if it is down, it is contracting. Two or more consecutive quarters of contraction are considered to be a recession.  GDP […]

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UK economy contracts on back of Brexit uncertainty | Business

UK economy contracts on back of Brexit uncertainty | Business

Gross domestic product (GDP) measures the total value of activity in the economy over a given period of time.  Put simply, if GDP is up on the previous three months, the economy is growing; if it is down, it is contracting. Two or more consecutive quarters of contraction are considered to be a recession.  GDP […]

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UK GDP: official data to show economy flatlined in second quarter – business live | Business

UK GDP: official data to show economy flatlined in second quarter – business live | Business

Good morning and welcome to our rolling coverage of business, markets and economics in the UK and the Eurozone. And welcome to GDP day in the UK. After a whipsaw start to the week on global markets thanks to US President Donald Trump’s attack on alleged “currency manipulation” by China, things settled down into a […]

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Bank of England warns of 1 in 3 chance of Brexit recession | Business

Bank of England warns of 1 in 3 chance of Brexit recession | Business

Britain has a one in three chance of plunging into recession as uncertainty over Brexit drags down the economy, the Bank of England has warned. Keeping interest rates on hold as the risks to the economy mount, the central bank said business investment was stalling, while heightened international trade tensions and a slowdown in the […]

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Pound suffers further slide after Boris Johnson takes Brexit hard line – business live | Business

Pound suffers further slide after Boris Johnson takes Brexit hard line – business live | Business

8.58am BST08:58 The FTSE 100 is the one gainer among major European stock markets, still up by 0.14%. Elsewhere Germany’s Dax index has been shaken by poor earnings from the Lufthansa airline and chemicals company Bayer. It fell by 0.5%. Italy’s FTSE MIB benchmark index has hit a four-week low after falling by 0.8%. British […]

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Sterling slumps to new two-year low below $1.23 amid no-deal Brexit fears – business live

Rolling coverage of business, economics and markets as ministers ramp up plans to leave EU without a deal Just Eat agrees £9bn merger with Takeaway.com Neil Woodford sells more than half his shares in listed fund Ryanair boss warns Boeing 737 Max crisis could lead to job cuts Sports Direct shares dive after results chaos […]

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Boris Johnson pledges £3.6bn boost for deprived towns | Politics

Boris Johnson pledges £3.6bn boost for deprived towns | Politics

Boris Johnson pledged a £3.6bn boost for deprived towns as he sought to shift the political spotlight from Brexit to the domestic agenda in his first major speech as prime minister. The Conservative leader said the proposal, which will initially support 100 towns, will help improve transport, broadband and cultural infrastructure. The commitment, announced on […]

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Asian shares weaken after ECB holds fire on new stimulus – business live | Business

Asian shares weaken after ECB holds fire on new stimulus – business live | Business

Good morning, and welcome to our rolling coverage of the world economy, the financial markets, the eurozone and business. The last decade has not exactly been boom-time, but we might miss it when it’s gone. Central bankers are doing their best to cushion the bumps as the global economy slows, with a new consensus around […]

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Germany 'recession risk' as manufacturing hits seven-year low – business live

Germany 'recession risk' as manufacturing hits seven-year low – business live

Drop in exports prompts factory contraction in Eurozone’s largest economy Deutsche Bank posts €3.1bn loss driven by job cut costs Aston Martin shares plunge by a fifth after sales warning Fears for Sunderland workers as Nissan plans to shed 10,000 jobs worldwide ITV adds extra Love Island series in bid to stem ad revenue decline […]

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Little hope for a summer bounce as no-deal fears drag down GDP growth | Business

Little hope for a summer bounce as no-deal fears drag down GDP growth | Business

One swallow doesn’t make a summer, so the old saying goes. For the warm middle months of the year, the British economy looked remarkably frosty, chilled by fears over a no-deal Brexit, until the Office for National Statistics reported a surprisingly strong month for growth in May. The figures, released last week, were a glimmer […]

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