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UK’s tight labour market holds back growth: BOE

Bloomberg UK companies are finding it harder and harder to hire the right people and it’s having an impact on the pace of economic growth, according to a Bank of England report. That’s bad news for the UK, which is already among the slowest-growing Group of Seven economies. It’s forecast to expand 1.5 percent this year and next, weaker than ...

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Britain to hire 1,000 additional border staff to prepare for Brexit

Bloomberg The UK plans to hire an extra 1,000 customs and immigration staff to ensure the security of the country’s border after Brexit. The extra workers will be funded from an additional 395 million pounds ($560 million) pledged to the Home Office, Philip Rutnam, the top civil servant at the department, told lawmakers on Parliament’s Home Affairs Committee on Wednesday. ...

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Back to 80s for Brexit-hit broadcasters sans deal

Bloomberg For UK-based international broadcasters like Discovery Communications Inc. and Walt Disney Co. concerned about the consequences of Brexit, the European Union has some rather unhelpful advice: look to the 1980s. If broadcasting isn’t covered by a negotiated free-trade deal between Britain and the EU, the fallback is the 1989 European Convention on Transfrontier Television, the European Commission said in ...

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