UK

The mirage of the British economy

LONDON | By Víctor Jiménez | The image of the Bank of England’s monetary policy Committee, which met in early July to not issue any decision on interest rates, was at the same time historic and false.


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Has UK’s housing bubble slowed down?

MADRID | By Bankinter analysts | According to Rightmove, housing prices in the UK rose by +0.1% m/m in June versus previous +3.6%. Thus, the year-on-year rate slows down to 7.7% from 8.9%. In such context, Bank of England’s minutes will be particularly relevant this week, especially after Mr Carney said that the rise in interest rates will come sooner than markets expect.


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Spanish Ferrovial gets €945m-worth projects in UK

MADRID | By Julia Pastor | British Ferrovial’s subsidiary Amey was granted with two contracts in the UK on Monday: a 5-year project for maintaining houses and facilities of the Ministry of Defence, and a second one for partly refurbishing the main country’s rail operator.


Young people want UK to stay in Europe

Young people ‘want UK to stay in Europe’

LONDON | By Nigel Morris at The Independent via Presseurop | A generation gap has opened up among Britons, with 41 per cent of 18-24 year olds saying they are firmly in favour of the UK’s EU membership or leaning towards support, compared to 32 per cent who are against, according to a new poll published in The Independent.




Is EU Red Tape Choking Growth?

MADRID | By Tania Suárez | European Red Tape has been subject to a lot of criticism due to its harsh conditions. A British Government report released on Tuesday claims that “EU regulation is strangling economic growth.” PM David Cameron said it was time for Brussels to “commit to more concrete measures to get rid of the unnecessary regulation which holds our businesses, and Europe, back.”




Cameron orders firing blanks in Gibraltar

MADRID | By Luis Arroyo | The Spanish government is simply enforcing the law–a law that the British government has signed. Madrid, unlike London, still has the option of increasing its pressure without pointless nationalistic antics like Royal warships.