First UK interest rate rise in 10 years – BBC News

For the first time in more than 10 years the Bank of England has raised interest rates. The official bank rate has been lifted from 0.25% to 0.5%, the first increase since July 2007. The move reverses the cut in August of last year – made in the wake of the vote to leave the […]

A century on, UK’s Jewish homeland declaration stirs celebration and mourning in Middle East – Reuters

LONDON/JERUSALEM (Reuters) – In a 67-word statement composed 100 years ago, Britain endorsed the establishment of a Jewish homeland in the Middle East, triggering a process that would culminate in the creation of Israel – and with it one of the world’s most intractable conflicts. On Thursday British and Israeli leaders will commemorate the centenary […]

UK manufacturing growth was stronger in October, says PMI survey – BBC News

Image copyright Getty Images British manufacturers reported stronger growth in October, driven by higher domestic demand and export orders. The IHS Markit/CIPS purchasing managers’ index (PMI) rose to 56.3 last month, from 56 in September. A reading above 50 indicates expansion. It was the fifteenth consecutive month of expansion for the sector, and will fuel […]

National Audit Office to examine UK’s Brexit divorce bill – The Guardian

Whitehall’s spending watchdog will scrutinise Britain’s Brexit divorce bill to make sure it represents value for taxpayers’ money, ministers have been told. Sir Amyas Morse, head of the National Audit Office, told the Treasury select committee that he will examine whether the bill, which is estimated to cost anything between £30bn and £90bn, represents value […]

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