Tuesday 4 October 2016

Reuters News: 3 and 4 October 2016



May says Brexit timetable important for businesses

BIRMINGHAM, England Prime Minister Theresa May said on Tuesday it was important to set out the timing of Britain's exit from the European Union to reassure businesses after sterling plunged in the wake of her announcement of the deadline.


UK factory surge casts doubt on further Brexit stimulus

LONDON British factories had their strongest month in more than two years in September, a survey showed, raising doubts about whether the central bank and finance ministry will announce more stimulus measures to offset the economic hit of the Brexit vote.

May says to trigger EU divorce by end of March, sterling falls

BIRMINGHAM, England Prime Minister Theresa May said she would trigger the process to leave the EU by the end of March, offering the first glimpse of a timetable for a divorce that will redefine Britain's ties with its biggest trading partner.

Britain sets out 5 billion-pound homebuilding boost

BIRMINGHAM, England Britain launched a 5 billion-pound homebuilding stimulus package on Monday, including plans to borrow 2 billion pounds to help address a long-term housing shortage that has become a major economic problem.

Hammond says will treat investment spending differently

BIRMINGHAM, England Chancellor Philip Hammond said on Monday he wanted to treat investment spending differently from day-to-day spending, underscoring his different approach to the public finances to that of his predecessor George Osborne.


Hammond rates UK economy an 'eight out of 10'

BIRMINGHAM, England Chancellor, Philip Hammond, scored the recent performance of the country's economy at "eight out of 10" on Monday, buoyed by high employment and strong growth but he said it also faced long-term challenges.