BBC.- Britain’s economy has grown at the slowest annual rate in almost a decade, according to official figures. Year-on-year growth in the three months to end-September slowed to 1% from 1.3% in the second quarter, the Office for National Statistics said.
BBC.- Both major political parties have dropped a key target that would see the national debt falling over time. The move will allow tens or even hundreds of billions more in investment spending on hospitals, schools, housing and public transport.
BBC.- Government spending is likely to head back towards 1970s levels over the next parliament whichever party wins the general election, research suggests. Think tank the Resolution Foundation said both Labour and the Conservatives were planning big increases in the size of the state.
BBC.- City centres across the UK will be transformed in the coming weeks as wooden stalls are erected and visitors from Europe arrive to bring a continental flavour to our streets. Christmas markets have quickly become a familiar sight in many cities, but the uncertainty around Brexit means they have faced extra challenges this year.
BBC.- An internal UK government memo on the consequences of Boris Johnson’s Brexit deal renegotiation singles out the removal of the word “adequate” from the UK-EU Political Declaration to describe mechanisms for enforcing common social, environmental, and labour standards after Brexit.
BBC.- The UK budget deficit is £1-£1.5bn less than what had been previously reported after a statistical error, the Office for National Statistics has said (ONS). Britain’s official statistics agency reported earlier this week a year-to-date budget deficit of £40.3bn, excluding public-sector banks.
BBC.- Prime Minister Boris Johnson’s Brexit deal is “acceptable” and the country should push ahead with it, leading banker Sir Ian Cheshire has said. Sir Ian, chairman of Barclays’ UK operations, told the BBC that business leaders wanted to see certainty.
BBC.- The UK should not expect that its “special relationship” with the US means it will get more favourable terms when it comes to trade. That was the warning from former US trade chief, Michael Froman, talking exclusively to the BBC.
BBC.- Productivity in the UK fell at its fastest annual pace in five years in the April-to-June quarter, according to the Office for National Statistics. The figure – measured by output per hour – fell by 0.5%, after two previous quarters of zero growth.
BBC.- House prices are rising at the slowest annual pace for more than six years, according to the Halifax. The mortgage lender, part of Lloyds Banking Group, said prices rose 1.1% in the year to the end of September, the slowest rate since April 2013.
BBC.- The US has been given the go-ahead to impose tariffs on $7.5bn (£6.1bn) of goods it imports from the EU. It is the latest chapter in a 15-year battle between the US and the EU over illegal subsidies for planemakers Airbus and rival Boeing.
MarketWatch.- Efforts to block Brexit in the U.K. Parliament could well require an election by yearend. The British should consider that the EU makes more sense as a free-trade area than a broader economic and political union, and the U.K. would be better off petitioning to join the North American Free Trade Agreement if Brussels won’t grant it simple free-trade status with independence from its regulatory net.
BBC.- The Bank of England may need to cut interest rates should Brexit uncertainty persist, one of its policymakers has said. Even if the UK avoids a no-deal Brexit, rates may still need to be cut, Michael Saunders said.
La embajadora británica, Kate Harrison, resaltó que en nuestro país las empresas mineras construyeron su propia infraestructura que beneficia a comunidades y otras industrias.
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).