Bloomberg The U.K. economy lost momentum in the first quarter as services posted their weakest performance for almost a year and industrial production continued to decline. Economic growth slowed to 0.4 percent from 0.6 percent in the final three months of 2015, as forecast in a Bloomberg survey of economists. The estimate, published by the Office for National Statistics ...

  Bloomberg The pound rose for a fourth day versus the dollar as data showed that U.K. economic growth slowed in the first quarter, further evidence that the currency’s direction is being driven by investors’ view on the nation’s June referendum on its membership of the European Union. Sterling touched the highest level versus the U.S. currency since February on ...

  Bloomberg The 1 percent may not be popular among protest marchers, but in the U.K. they’re now paying more than a quarter of all income tax. A report by the Institute for Fiscal Studies published on Wednesday found that the proportion of total income tax paid by the top centile rose to 27.5 percent in the 2015-16 tax year ...