U.K. economy may face a slowdown
Article Abstract:
A strong British pound and credit market distress may begin to curb corporate growth in the U.K., driving an economic slowdown. The Bank of England's Monetary Policy Committee has cited the recent credit market problems as a downside risk to lending, although it stated underlying conditions that support investment continue to be favorable.
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 2007
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U.K. interest-rate cut may loom amid growing signs of slowdown
Article Abstract:
Analysts anticipate that the Bank of England will hold off until February 2008 to reduce interest rates despite the impact of the credit crisis on the UK economy, including negative effects on consumer spending and home prices. The Bank of England had previously reduced interest rates from 5.75% to 5.5% in December 2007.
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 2008
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Wages in Britain exceed forecast; rate hopes dashed
Article Abstract:
Wages in the UK rose faster than anticipated, increasing 3.7% in the three-month period to August 2007. The number of unemployed individuals dropped by 12,800 in September. Interest-rate futures also declined, while the pound increased.
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 2007
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