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William Schomberg

UK deficit widens, underscoring Brexit constraints on next finance minister

Jun 21 2019

LONDON Britain posted a larger-than-expected budget deficit last month as government spending rose, a reminder that the next finance minister may have limited options to cushion any Brexit blow to the economy.

Bank of England sees market mismatch as Brexit clouds rates outlook

Jun 20 2019

LONDON The Bank of England has acknowledged the glaring mismatch between its base-case scenario that Brexit will go smoothly and growing bets by investors that Britain's departure from the European Union is likely to be messy.

Bank of England chops second-quarter growth forecast, sees bigger global and Brexit risks

Jun 20 2019

London, The Bank of England cut its growth forecast for Britain's economy to zero in the second quarter of 2019 and highlighted risks from global trade tensions and growing fears of a no-deal Brexit. | Video

Bank of England chops second-quarter growth view as global and Brexit risks intensify

Jun 20 2019

LONDON The Bank of England cut its growth forecast for Britain's economy to zero in the second quarter of 2019 on Thursday and highlighted risks from global trade tensions and growing fears of a no-deal Brexit. | Video

Cool weather hits UK retail sales in May in gloomy sign for economy

Jun 20 2019

LONDON Cold weather in May prompted the biggest drop in British retail sales this year as shoppers delayed buying summer clothes, adding to signs that the economy, struggling for momentum ahead of Brexit, is set for a weak second quarter.

Johnson gets further boost in race to become British prime minister

Jun 18 2019

LONDON, June 18 Boris Johnson got a further boost in his campaign to become Britain's prime minister on Tuesday when a second former rival in the race backed him to lead the country out of its Brexit crisis.

BoE policymakers bang drum for higher rates despite Brexit clouds

Jun 11 2019

LONDON Bank of England Deputy Governor Ben Broadbent added his voice to reminders from the central bank that it still wants to raise interest rates, but one of his colleagues, Gertjan Vlieghe, struck a different note by highlighting recent weak data.

UK shoppers slash spending in May - BRC

Jun 03 2019

LONDON British shoppers cut back on their spending last month by the most in more than 20 years, a retailers' group said, raising questions about how long consumers can keep on cushioning the economy from the impact of Brexit.

Hazard scores twice as Chelsea thrash Arsenal to win Europa League

May 30 2019

BAKU Eden Hazard scored twice and created a third to steer Chelsea to a 4-1 victory over London rivals Arsenal in the Europa League final in what looks likely to be the Belgium winger's final game for the Blues.

Soccer: Sarri says he is a lucky man to be at Chelsea

May 30 2019

BAKU Chelsea coach Maurizio Sarri, fresh from winning the first major title of his managerial career with a 4-1 win over Arsenal in the Europa League final, said he was happy in his role, despite persistent speculation he is close to a return to Italy. | Video

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