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ShareCast News - Economic News
UK house prices move into positive territory in March
The price of a typical home was unchanged between February and March, but was 0.8 per cent higher than March 2012, data published in the Nationwide House Price Index has shown.[28 Mar '13]
UK GDP falls as tight credit weighs on consumption -UPDATE
UK gross domestic product (GDP) dropped in the last quarter as industrial production and exports shrank, data showed Wednesday.[27 Mar '13]
Bank of England identifies capital shortfall in UK banks
The Bank of England's Financial Policy Committee (FPC) has identified a 25 billion pound capital shortfall in UK financial institutions.[27 Mar '13]
David Miliband leaves UK politics for US charity
David Miliband, brother of Labour leader Ed Miliband, is stepping down as an MP to run New York charity, the International Rescue Committee (IRC).[27 Mar '13]
Retail sales were weaker than expected in March, CBI says
The Confederation of British Industry's so-called 'diffusion index' for total retail sales fell to zero during the month of March.[26 Mar '13]
UKAR repays four billion pounds to tax payers
The UK government has been repaid four billion pounds by UK Asset Resolutions (UKAR), the bank that was established to wind-down the closed mortgage books held by Northern Rock and Bradford & Bingley following their bailout during the financial crisis.[25 Mar '13]
BBA posts fall in February mortgage numbers
Mortage lending suffered a decline in February, the British Bankers' Association (BBA) said Monday, recording its lowest number of loans since July.[25 Mar '13]
Arrival of 4G to deliver huge boost to economy
Mobile shopping could more than double in 2013 as a result of 4G technology, research conducted on behalf of online retailer eBay has found.[25 Mar '13]
Fitch Places United Kingdom on Rating Watch Negative
Fitch Ratings placed the UK's "AAA" Long-term Issuer Default Ratings on Rating Watch Negative on Friday March 22nd, indicating a heightened probability of a downgrade in the near term.[25 Mar '13]
House prices stopped falling in England and Wales in March
House prices in England and Wales stopped falling in March in year-on-year terms, to stand unchanged.[25 Mar '13]
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