Bank of England awaits election outcome before moving rates

LONDON (AP) — Under normal circumstances, the Bank of England would be looking to cut interest rates. The economy is slowing and inflation is below target. But these are no normal ti...

European car industry warns of 'catastrophic' no-deal Brexit

LONDON (AP) — Europe's leading automotive trade groups joined forces Monday to warn about the "catastrophic" consequences of a no-deal Brexit. Europe-wide industry groups and 21 nati...

Bank of England keeps key interest rate on hold at 0.75%

LONDON (AP) — Brexit uncertainties are becoming "more entrenched" and increasingly weighing on the British economy less than three months before the country is scheduled to leave the European Union, t...

Johnson's win elevates 'no-deal' Brexit risks to UK economy

LONDON (AP) — With Boris Johnson confirmed as the next leader of the Conservative Party and British prime minister, the outlook for the British economy has certainly become murkier — and potentially m...

Bank of England chief dismisses Johnson's Brexit trade claim

LONDON (AP) — The head of the Bank of England on Friday dismissed suggestions from Boris Johnson, favorite to become Britain's next prime minister, that tariffs on trade with the European Union can be...

UK car sales fall again amid ongoing 'political instability'

LONDON (AP) — Britain's new car market slid back further in May as Brexit instability continued to weigh on business and consumer confidence, the country's main automotive lobby group said Wednesday. ...

Theresa May is latest Conservative leader swamped by Europe

LONDON (AP) — Theresa May has joined the ranks of Conservative prime ministers whose time in office has been overwhelmed — and cut short — by the issue of Europe. Ever since Edward H...

UK found to be hottest investment destination despite Brexit

LONDON (AP) — Brexit may be causing all sorts of uncertainty in Britain but it doesn't seem to be putting off foreign investors. In its half-yearly update on global corporate deal-ma...

In Brexit delay, UK economy remains prisoner of uncertainty

LONDON (AP) — Brexit may be postponed once again this week, perhaps by as much as a year. The British economy, though, will remain a prisoner of a confidence-sapping uncertainty. Whi...

With Brexit, Britain is in crisis and not for the first time

LONDON (AP) — Few would argue that Britain is in what is often referred to as a bit of a pickle. A crisis in fact, undoubtedly of historic proportions. With the country mired in conf...

Theresa May is latest Conservative leader swamped by Europe

LONDON (AP) — Theresa May is set to join the ranks of Conservative prime ministers whose time in office has been overwhelmed — and cut short — by the issue of Europe. Ever since Edwa...

UK central bank: firms step up 'no-deal' Brexit preparations

LONDON (AP) — U.K. companies have ratcheted up their preparations for a disorderly "no-deal" Brexit over the past couple of months, the Bank of England said Thursday. As well as opti...

Net migration into UK from EU falls to near-decade low

LONDON (AP) — Net migration into Britain from the other 27 European Union countries has fallen to near-decade lows, suggesting Brexit uncertainty has made the country a less attractive destination for...

Workers increasingly trust their employers: survey

DAVOS, Switzerland (AP) — With trust in governments taking a hit since the global financial crisis, people around the world view their employer as the most trusted institution in their lives, accordin...

Wealth inequality 'out of control,' Oxfam warns

DAVOS, Switzerland (AP) — Wealth inequality around the world is "out of control" and doing particular harm to women, anti-poverty campaigner Oxfam warned Monday ahead of the annual gathering of busine...