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  • UK economy gets a kick from World Cup and heatwave

    Bank of England says England win can help Britain recover from Brexit-induced slowdown

    England’s World Cup success combined with the heatwave is helping the UK economy recover from the slowdown triggered by the Brexit vote and heavy snowfall earlier this year, according to economists.

    Mark Carney, the governor of the Bank of England, believes winning the trophy in Moscow at the weekend would be an “unadulterated, unalloyed good” for the whole of the British economy. Continue reading...


  • World Cup winners can expect GDP boost to economy

    The winner on the pitch Sunday may be the winner in the marketplace Monday. As France and Croatia prepare for the final in soccer's monthlong World Cup extravaganza in Moscow, data suggest that this year's champion will get a nice boost in the pocketbook back home as well. Since 1990, ...


  • UK retail sales fall in June despite World Cup and barbeque heatwave boost

    ONS says clothing stores and other non-food retailers suffered from reduced footfall

    The World Cup and the summer heatwave kept British shoppers away from the high street last month, despite encouraging stronger sales of food, drink and barbecues across the country.

    Revealing a surprise fall in retail sales in June, the Office for National Statistics said clothing stores and other non-food retailers suffered from reduced footfall amid the hot weather and football celebrations. Continue...