David Milliken

Draghi says euro zone more stable, “needs a more European UK”

August 24, 2021 at 3:23 p.m.

LONDON (Reuters) - The euro zone is more stable than a year ago but economic conditions remain challenging and governments must push on with reforms and banking union plans, European...

ECB’s Draghi says no call for G7 central banks to do more

August 24, 2021 at 2:26 p.m.

AYLESBURY, England (Reuters) - Major central banks did not face calls to do more to boost the world economy when Group of Seven finance officials met on Saturday, European Central...

British overseas territories sign deal to curb tax evasion

August 24, 2021 at 1:53 p.m.

LONDON (Reuters) - Tax havens such as Bermuda and the Cayman Islands will work more closely with Britain and other European countries to fight tax evasion, British finance minister George...

UK says “no clear reason” to let independent Scotland use sterling

August 24, 2021 at 1:22 p.m.

LONDON (Reuters) - The euro zone's experience of countries sharing a currency but not a government shows there is no clear case for an independent Scotland to use sterling, Britain's...

British banks cut lending despite Bank of England largesse

August 24, 2021 at 5:20 a.m.

LONDON (Reuters) - The Bank of England's flagship plan to boost lending failed to stop a decline in bank loans late last year, adding to pressure on the central bank...

Moody’s downgrade adds momentum to investor swing away from pound

August 24, 2021 at 4:55 a.m.

LONDON (Reuters) - Britain's loss of its triple-A credit rating from Moody's added to the pound's woes on Monday, helping send it lower against both the dollar and euro, but...

Moody’s strips Britain of triple-A rating in major blow to Osborne

August 24, 2021 at 4:47 a.m.

LONDON/NEW YORK (Reuters) - Britain suffered its first ever sovereign ratings downgrade from a major agency on Friday when Moody's stripped the country of its coveted top-notch triple-A rating, dealing...

Bank of England sees slow recovery and high inflation

August 22, 2019 at 1:50 p.m.

LONDON (Reuters) - Britain's economic recovery will prove slow, high inflation will take longer to fall, and the central bank can do little on its own to improve matters, Bank...

UK central banker doubts value of long-term rate commitment

August 24, 2021 at 3:09 a.m.

LONDON (Reuters) - A senior Bank of England policymaker raised doubts on Monday about whether the bank would benefit from longer-term policy commitments of the type championed two days ago...

UK factory activity unexpectedly rebounds in December: PMI

August 24, 2021 at 1:37 a.m.

LONDON (Reuters) - British factory activity jumped unexpectedly in December to grow at its fastest pace since September 2011, a survey showed on Wednesday, raising the chance that the economy...

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