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IMF says Brexit ‘bad to very, very bad’

Media captionChristine Lagarde has warned that if Britain was to leave the European Union the impact would range from “pretty bad to very, very bad” The International Monetary Fund chief has said a vote by the UK to leave the European Union would have “pretty bad, to very, very bad” consequences. Christine Lagarde said she […]

IMF says Brexit ‘bad to very, very bad’

IMF says Brexit ‘bad to very, very bad’

The International Monetary Fund chief has said a vote by the UK to leave the European Union would have “pretty bad, to very, very bad” consequences. Christine Lagarde said she had “not seen anything that’s positive” about Brexit and warned that it could “lead to a technical recession”. She echoed similar comments made on Thursday […]

Banks shut 600 branches in past year

Banks shut 600 branches in past year

Image caption Birchington in Kent has lost all four of its banks over the past year More than 600 bank branches have closed across Britain over the past year, with rural areas worst affected, according to figures obtained by the BBC. Parts of Wales, Scotland and south west England lost the most per population between […]

Manchester United post record revenues

Manchester United post record revenues

Van Gaal’s side can finish fourth but need Man City to lose this weekend Manchester United have posted record third-quarter revenues of £123.4m despite their continued inconsistency on the pitch. The Premier League club reported that total revenue rose by 29.9% in the three months to 31 March. It means they expect to earn between […]

Tesco boss takes home £3m bonus

Tesco boss takes home £3m bonus

Image copyright Reuters Image caption Tesco chief executive Dave Lewis Tesco chief executive Dave Lewis has been paid a bonus of almost £3m for helping return the UK’s biggest supermarket to profit. Mr Lewis, who joined in August 2014 from Unilever, took home a total of £4.63m for 2015/16. He did not receive a bonus […]

Facebook investigates censorship claim

Facebook investigates censorship claim

Image copyright Getty Images Facebook chief executive Mark Zuckerberg has said the company is investigating claims it censored news reports with conservative viewpoints. It follows a week of allegations in the media and discussion in the US Senate. The tech news website Gizmodo had said Facebook staff suppressed articles on conservative topics from the site’s […]

Bank says Brexit may worsen joblessness

Bank says Brexit may worsen joblessness

Image copyright Getty Images The Bank of England has given its starkest warning yet that a UK vote to leave the EU in the June referendum could lead to higher unemployment and lower growth. Its latest Inflation Report forecasts inflation will reach 0.9% in September, as long as the UK stays in the EU. The […]

Corruption causes extremism, says PM

Corruption causes extremism, says PM

Image copyright Getty Images Image caption David Cameron is hosting the anti-corruption summit in London, with US Secretary of State John Kerry (left) David Cameron said cracking down on corruption was needed to “tackle extremism”. The prime minister made the comments at an anti-corruption summit in London that he is hosting. The summit is part […]

UK in ‘anti-corruption’ property shake-up

UK in ‘anti-corruption’ property shake-up

Image copyright PA Image caption The summit has been overshadowed by comments that David Cameron made about Nigeria Foreign firms that own property in the UK will have to declare their assets publicly in a bid to stamp out money-laundering, the government says. Companies will have to be on a new register if they hold […]

New buyers desert housing market

New buyers desert housing market

Image copyright Getty Images The number of people interested in buying a house in April fell to its lowest level for nearly eight years, according to surveyors across the UK. Those who saw a drop in enquiries last month outnumbered those who saw a rise by 22%. That is the highest figure reported by the […]

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