BBC.- People should work fewer hours to earn a living, but capping their hours would be unrealistic, a report commissioned by the Labour Party has claimed. The report, by cross-bench peer Robert Skidelsky, said working less without loss of pay was “good for material and spiritual well-being”.
BBC.- Wages have continued to grow at a strong pace and employment remains at record highs, official figures show. Earnings excluding bonuses grew at an estimated annual pace of 3.8% in the May to July period, down slightly from the previous reading.
Bloomberg.- The U.K. economy grew at its fastest pace in six months in July, an unexpectedly strong performance that will allay fears Britain is facing a possible pre-Brexit recession.
BBC.- The government has declared it has “turned the page on austerity” as it set out plans to raise spending across all departments. Chancellor Sajid Javid outlined £13.8bn of investment in areas including health, education and the police in what he said was the fastest increase in spending for 15 years.
BBC.- The big message the government will try to send with its spending round is about the austerity decade ending. In particular the thing it will want to get across is that funding is pouring into those public services most visibly problematic for the Conservatives in the 2017 general election, ahead of yet another fairly imminent visit to the polls.
El Mundo.- El premier británico ha dado su golpe maestro para evitar que la oposición detenga un Brexit sin acuerdo. Boris Johnson ha llamado a la Reina para pedirle que suspenda el Parlamento entre el 9 y el 12 de septiembre y hasta el próximo 14 de octubre y ésta acaba de emitir un comunicado dando su consentimiento. “Necesitamos sacar adelante una ambiciosa agenda legislativa”, ha explicado Johnson a través de una carta remitida a los parlamentarios. Horas después, Isabel II, haciendo gala de su histórica neutralidad, aprobó la suspensión de Westminster hasta el 14 de octubre.
BBC.- The value of the pound has fallen following news that Prime Minister Boris Johnson is planning to suspend Parliament on 9 September. The move is expected to prevent opposition leaders from passing a law to stop a no-deal Brexit.
BBC.- UK tech companies secured a record £5.5bn in foreign investment in the first seven months of this year, research shows. This was more than the amount invested per capita in the US tech sector in the same period, the Department of Digital, Culture, Media and Sport said.
BBC.- The chancellor has told the BBC that he does not expect the UK to slide into recession after data showed the economy shrank by 0.2% between April and June. Sajid Javid was speaking after the Office for National Statistics said the economy had contracted for the first time since 2012.
BBC.- The pound has continued to fall on currency markets as the government insists that the UK is prepared to leave the EU without a deal. Sterling hit a fresh two-year low of $1.2120 against the dollar on Tuesday, before recovering some ground.
BBC.- The International Monetary Fund (IMF) has cut its growth forecasts for the global economy for this year and next. It predicts growth of 3.2% in 2019, down from its April forecast of 3.3%. Growth next year is set to pick up to 3.5% next year, although that is below its earlier forecast of 3.6%.
BBC.- Hundreds of thousands of public sector workers are reportedly in line to get a pay rise. Soldiers will get a 2.9% rise, teachers and school staff 2.75%, police officers, dentists and consultants 2.5% and senior civil servants 2%, the Times said.
BBC.- Detached homes in London fell in value by more than £50,000 in a year, according to official figures, driving the slowdown in UK house price growth. Typically, this type of property cost £903,088 in May last year, but fell by 6.1% to £847,998 by this May, Land Registry figures show.
BBC.- Wage growth in the UK rose to 3.6% in the year to May 2019, the highest growth rate since 2008, according to Office for National Statistics figures. Wages have been outpacing inflation since March 2018.
BBC.- The Bank of England says the UK banking system is still resilient to the financial impact of a worst-case disorderly Brexit. The comment came in its regular health check on the banks, the Financial Stability Report.
BBC.- The UK economy returned to growth in May after shrinking in April, but the news failed to allay fears of a future slowdown. The economy grew 0.3% from the month before, after declining 0.4% in April, according to the Office for National Statistics (ONS).
Artículo de Fernando Bolívar, Tatiana Dávila, Yigit Engin, Álvaro Ortiz y Tomasa Rodrigo, publicado en junio del 2019 en BBVA Research. La tensión entre los EE. UU. e Irán alcanzó niveles de riesgo. Irán derribó un dron estadounidense y la Casa Blanca respondió con nuevas sanciones.
BBC.- The UK would be vulnerable to gas supply shortages and price hikes after Brexit, an industry leader has warned. Marco Alvera, head of European industry body GasNaturally, told the BBC that EU nations could restrict gas exports to the UK during winter cold snaps in order to prioritise their own citizens.
BBC.- A £100m fund has been established to help UK firms capitalise on the boom in offshore wind. With the UK so well suited to exploiting wind power, turbines have been erected in more than 30 locations from Brighton to the Moray Firth.
BBC.- The Bank of England has said it expects economic growth to be flat in the second quarter of the year. The Bank’s Monetary Policy Committee (MPC) had previously predicted growth of 0.2% over the period.