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Search resuls for: "John Sibley"


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UK's Gove says: there's a chance of a no-deal Brexit
  + stars: | 2020-12-01 | by ( Reuters Staff | ) www.reuters.com + 0.95   time to read: 1 min
FILE PHOTO: Britain's Chancellor of the Duchy of Lancaster Michael Gove is seen in Westminster, London, Britain November 10, 2020. REUTERS/John SibleyLONDON (Reuters) - British Prime Minister Boris Johnson’s Brexit supremo, Michael Gove, said on Tuesday that there was a chance that Brexit trade talks may end without a deal, the nightmare finale to the five-year Brexit crisis. “We have intensified the negotiation process, but it’s important that the EU also lives up to its responsibilities as well,” Chancellor of the Duchy of Lancaster Gove told ITV’s Good Morning Britain. Asked whether a no deal was closer than anyone would admit, he said: “I think it’s certainly the case that there is a chance that we may not get a negotiated outcome, that’s why it’s important business prepares for all eventualities, but I very much want a deal and I believe that we can secure one.”
Persons: Lancaster Michael Gove, John Sibley, Boris Johnson’s Brexit, Michael Gove, Lancaster Gove, ITV’s, , it’s, Organizations: REUTERS, John Sibley LONDON, British, Locations: Duchy, Westminster, London, Britain
Main economic boost from COVID vaccines will come later, BoE's Tenreyro says
  + stars: | 2020-11-30 | by ( Reuters Staff | ) www.reuters.com sentiment -0.84   time to read: 1 min
FILE PHOTO: A general view shows The Bank of England in the City of London financial district, amid the outbreak of the coronavirus disease (COVID-19), in London, Britain, November 5, 2020. REUTERS/John Sibley/File PhotoLONDON (Reuters) - Bank of England interest-rate setter Silvana Tenreyo said news about the development of COVID-19 vaccines was very positive but the biggest impact on the economy would only come when vaccine programmes were actually rolled out. Tenreyro said the progress on creating jabs to counter coronavirus would reduce one of the bigger downside risks to BoE’s medium-term economic forecasts and households might delay spending until vaccines have reduced health risks.
Persons: John Sibley, Silvana Tenreyo, Tenreyro Organizations: Bank of England, REUTERS Locations: City, London, Britain
LONDON (Reuters) - Bank of England policymaker Silvana Tenreyro said on Monday that progress in the development of COVID-19 vaccines was only likely to translate into a significant economic boost once they had been widely rolled out in Britain. FILE PHOTO: A general view shows The Bank of England in the City of London financial district, amid the outbreak of the coronavirus disease (COVID-19), in London, Britain, November 5, 2020. REUTERS/John Sibley/File PhotoTenreyro struck a more cautious line than the BoE’s Chief Economist, Andy Haldane, who said last week that news of effective coronavirus vaccines had improved financial market conditions and business confidence. Tenreyro said she still believed the economy was on course to shrink, and stood by her decision to vote for a year-long 150 billion pound ($200 billion) expansion in bond purchases. “The reduction in uncertainty about vaccine production makes it even more essential that we avoid those risks.”Tenreyro also restated her view that cutting interest rates below zero percent could boost Britain’s economy if needed.
Persons: Bank of England policymaker Silvana Tenreyro, John Sibley, Andy Haldane, Tenreyro, , ” Tenreyro, BoE Organizations: Bank of England, REUTERS, Macro, Finance Society Locations: Britain, City, London, England
UK testing error wrongly tells 1,300 people they have coronavirus
  + stars: | 2020-11-28 | by ( Kanishka Singh | ) www.reuters.com sentiment -1.00   time to read: +2 min
(Reuters) - Over 1,300 people in Britain were inaccurately informed they were infected with coronavirus after a laboratory error at the government’s NHS Test and Trace system, the Department of Health and Social Care told Reuters on Saturday. A man walks past people queueing outside a test centre, following an outbreak of the coronavirus disease (COVID-19), in Southend-on-sea, Britain September 17, 2020. The government has announced an extra 7 billion pounds ($9.31 billion) for its COVID-19 testing and contact tracing system as part of an expanded programme of mass testing. In September, nearly 16,000 positive case records were lost from the system for several days – causing a delay in contact tracing. The United Kingdom has had about 1.6 million coronavirus cases and over 57,500 deaths, according to a Reuters tally tmsnrt.rs/3cBeEYg.
Persons: John Sibley “, “ Swift Organizations: Reuters, Department of Health, Social Care, REUTERS Locations: Britain, Southend, United Kingdom
"Only a few days left" for UK trade talks, EU diplomat said
  + stars: | 2020-11-27 | by ( Reuters Staff | ) www.reuters.com sentiment -1.00   time to read: 1 min
FILE PHOTO: European Union's chief Brexit negotiator Michel Barnier returns to a hotel in London, Britain, November 11, 2020. REUTERS/John SibleyBRUSSELS (Reuters) - There are “only a few days left” for UK talks, an EU diplomat said on Friday, adding that London must budge swiftly to break deadlocks on fishing rights, settling disputes and ensuring fair competition or face a rough split in trade from 2021. “The gaps on level playing field, governance and fisheries remain large,” said the diplomat following a closed-door briefing by the bloc’s Brexit negotiator, Michel Barnier, to envoys of the 27 EU states to the bloc’s hub Brussels. “Without London taking the necessary decisions quickly, reaching a deal will be all but impossible. There are only a few days left for further negotiations.”
Persons: Michel Barnier, John Sibley BRUSSELS, Organizations: REUTERS, Locations: London, Britain, EU, Brussels
Economic forecasts will make 'for a sobering read', UK cabinet told
  + stars: | 2020-11-25 | by ( Reuters Staff | ) www.reuters.com sentiment -0.96   time to read: 1 min
FILE PHOTO: Britain's Chancellor of the Exchequer Rishi Sunak leaves Downing Street, in London, Britain October 14, 2020. REUTERS/John SibleyLONDON (Reuters) - British finance minister Rishi Sunak told Prime Minister Boris Johnson’s cabinet team of top ministers on Wednesday that the upcoming Office for Budget Responsibility’s forecasts would “make for a sobering read”. “Cabinet was told the OBR forecasts will show the impact the coronavirus pandemic has had on our economy and they will make for a sobering read, showing the extent to which the economy has contracted and the scale of borrowing and debt levels,” Johnson’s Downing Street office said in a statement.
Persons: Rishi Sunak, John Sibley, Boris Johnson’s, Organizations: REUTERS, John Sibley LONDON, Locations: Downing, London, Britain, British
EU needs to move too for Brexit deal- UK's Gove
  + stars: | 2020-11-24 | by ( Reuters Staff | ) www.reuters.com sentiment -0.53   time to read: 1 min
FILE PHOTO: Britain's Chancellor of the Duchy of Lancaster Michael Gove is seen in Westminster, London, Britain November 10, 2020. REUTERS/John SibleyLONDON (Reuters) - The European Union must move too if there is to be a Brexit deal senior minister Michael Gove said on Tuesday, adding that he hopes it will be possible to reach an agreement with Brussels. “I hope that we will be able to secure a good deal with the European Union,” he said. “The European Union needs to move as well and it needs to acknowledge that we voted to take back control and that’s the most important thing.”
Persons: Lancaster Michael Gove, John Sibley, Michael Gove, , Organizations: REUTERS, John Sibley LONDON, European, European Union Locations: Duchy, Westminster, London, Britain, Brussels
More UK banknotes stashed, but cash spending down: Bank of England
  + stars: | 2020-11-24 | by ( Reuters Staff | ) www.reuters.com sentiment -1.00   time to read: +1 min
FILE PHOTO: A general view shows The Bank of England in the City of London financial district, amid the outbreak of the coronavirus disease (COVID-19), in London, Britain, November 5, 2020. REUTERS/John Sibley/File PhotoLONDON (Reuters) - Demand for banknotes in Britain has increased since the coronavirus pandemic hit the country, despite a fall in the use of cash after government advice in favour of contactless payments, the Bank of England said on Tuesday. When spending picked up after the lockdown in the spring, the long-running fall in the use of cash gathered more speed as people increasingly used contactless payments and online shopping grew. Future changes in consumer payment behaviour would depend in part on social-distancing measures, the researchers said. Past cash trends are therefore less likely to accurately predict future trends.”($1 = 0.7515 pounds)
Persons: John Sibley, BoE, Covid Organizations: Bank of England, REUTERS Locations: City, London, Britain
Sunak says he hopes for a Brexit deal but not at any price
  + stars: | 2020-11-21 | by ( Reuters Staff | ) www.reuters.com sentiment -0.98   time to read: +2 min
LONDON (Reuters) - British finance minister Rishi Sunak has said there is genuine progress in Brexit talks with the European Union, but that it would be better to walk away from a bad trade deal than tie Britain’s hands in the future. FILE PHOTO: Britain's Chancellor of the Exchequer Rishi Sunak leaves Downing Street, in London, Britain October 14, 2020. He told the Sunday Times that he hoped Britain and the European Union would secure an agreement. “Certainly, it would be preferable to have a deal.”But he added: “The major impact on our economy is the coronavirus. It’s absolutely not (a question of doing) a deal at any price.
Persons: Rishi Sunak, John Sibley, Boris Johnson’s, , It’s, Sunak Organizations: European Union, REUTERS, EU, Sunday Times Locations: British, Downing, London, Britain,
UK's Sunak says he's seeing genuine progress in Brexit talks
  + stars: | 2020-11-21 | by ( Reuters Staff | ) www.reuters.com + 1.00   time to read: 1 min
FILE PHOTO: Britain's Chancellor of the Exchequer Rishi Sunak leaves Downing Street, in London, Britain October 14, 2020. REUTERS/John Sibley/File PhotoLONDON (Reuters) - British finance minister Rishi Sunak said there was genuine progress taking place in the Brexit talks and he was hopeful the two sides would agree a deal, he told the Sunday Times newspaper. Sunak also said he hoped that by the spring next year he would be able to start thinking beyond the current needs to support the economy and jobs, and on to how he could return the public finances to a sustainable level.
Persons: Rishi Sunak, John Sibley, Sunak Organizations: REUTERS, Sunday Times Locations: Downing, London, Britain, British
Britain determined to reach Canada trade deal this year: minister
  + stars: | 2020-11-19 | by ( Reuters Staff | ) www.reuters.com + 0.99   time to read: +2 min
FILE PHOTO: Britain's International Trade Secretary Liz Truss walks out of a coffee shop in Westminster, London, Britain November 10, 2020. REUTERS/John SibleyLONDON (Reuters) - Britain is determined to reach a trade deal with Canada before the end of the year, trade minister Liz Truss said on Thursday, underlining that after securing a continuity agreement the two countries could go much further. He said that in less than two years, the government had signed or agreed in principle trade agreements with 52 countries, accounting for 142 billion pounds ($187 billion) of British bilateral trade. This accounted for 74% of the value of trade with non-EU countries that the UK set out to secure agreements with under the trade continuity programme. From this programme, 13 agreements remained outstanding, including the deal with Canada, he said.
Persons: Liz Truss, John Sibley, Boris Johnson, Truss, , , Johnson Organizations: International Trade, REUTERS, John Sibley LONDON, European Union, EU, Pacific Partnership Locations: Westminster, London, Britain, Canada
OTTAWA/LONDON (Reuters) - Britain and Canada are very close to agreeing the terms of a free trade deal and the agreement could be announced in the coming days, a Canadian government source said on Thursday. FILE PHOTO: Britain's International Trade Secretary Liz Truss walks out of a coffee shop in Westminster, London, Britain November 10, 2020. British Trade Minister Liz Truss earlier said the government of Boris Johnson was determined to reach a trade deal with Canada before the end of the year. The European Union already has a free trade pact with Canada. Truss said Canada and Britain were negotiating a continuity agreement, which would ensure there were no disruptions to free trade.
Persons: Liz Truss, John Sibley Britain, Boris Johnson, , Johnson, Truss Organizations: OTTAWA, International Trade, REUTERS, European Union, British, Bloomberg, EU, Pacific Partnership Locations: Britain, Canada, Westminster, London, Ottawa
LONDON (Reuters) - One morning, after years of financial prudence and solid creditworthiness, you wake up and it’s all gone. This could have dire consequences for people who have historically struggled to access credit, especially those on low incomes. Policymakers have put a six-month cap on the credit amnesty, just as a second lockdown in England poses many of the same problems for businesses and households. A drop like this would likely trigger a credit file “black mark”, making accessing credit almost impossible, Basini said. And while ending the amnesty is aimed at shoring up the economy, it could have an opposite, unintended, effect.
Persons: John Sibley, , Justin Basini, StepChange, Julia McPherson, Experian, McPherson, Basini, Amigo AMGO.L, Amigo, , Paul Smith, Adam Butler, ClearScore’s Basini Organizations: REUTERS, Reuters, , Financial, Authority, Provident, Finance, , Bank of England Locations: Hackney, London, Britain, COVID, Suffolk, England
Dominic Cummings, special advisor for Britain's Prime Minister Boris Johnson, arrives at Downing Street, in London, Britain, November 12, 2020. The BBC cited an unidentified senior Downing Street source as saying that Cummings would be “out of government” by Christmas. Another unidentified source told the BBC that Cummings “jumped because otherwise he would be pushed soon”. Cummings told the BBC that “rumours of me threatening to resign are invented, rumours of me asking others to resign are invented”. Cain, another Brexit supporter, was a close ally of Cummings and worked with him at the Vote Leave campaign.
Persons: Dominic Cummings, Boris Johnson’s, Boris Johnson, John Sibley Cummings, Grant Shapps, Sky, Cummings, he’d, ” Shapps, Johnson’s, Brexiteer, Johnson, Cummings “, , Shapps, Downing, Lee Cain, Cain Organizations: British, Britain's, REUTERS, BBC, Transport, European Union, Locations: London, Britain
UK PM Johnson's senior adviser Cummings expected to resign by year-end: BBC
  + stars: | 2020-11-13 | by ( Reuters Staff | ) www.reuters.com sentiment -1.00   time to read: +1 min
Dominic Cummings, special advisor for Britain's Prime Minister Boris Johnson, arrives at Downing Street, in London, Britain, November 12, 2020. REUTERS/John Sibley(Reuters) - British Prime Minister Boris Johnson’s top adviser, Dominic Cummings, is expected to leave his position by year-end, the BBC reported late on Thursday. Cummings also told her that "rumours of me threatening to resign are invented, rumours of me asking others to resign are invented", Kuenssberg said in a series of tweets bit.ly/3po04ud. The BBC report bbc.in/32FQ7yz added that a senior Downing Street source said Cummings would be "out of government" by Christmas. Cain’s departure suggested tension at the heart of government as the UK prepares to complete its Brexit journey out of the European Union.
Persons: Dominic Cummings, Boris Johnson, John Sibley, Boris Johnson’s, Cummings, Lee Cain, Laura Kuenssberg, “ hasn’t, Kuenssberg, Cain, Cain’s Organizations: Britain's, REUTERS, Reuters, British, BBC, Downing, European Union Locations: London, Britain, Downing
Analysts at Citi predicted the squeeze in euro debt markets would become more pronounced after the European Central Bank stepped up quantitative easing next month, as anticipated. LESS EXTREMEThe BOE, Fed, ECB and the Bank of Japan last month upped bond purchases by $460 billion, almost four-fold from September. Still, central bank buying is not yet outstripping British and U.S. supply - the Fed for instance holds around 20% of the $20 trillion Treasury market. But more broadly, the impact of central bank buying may be significant in the months ahead. Justin Onuekwusi, portfolio manager at LGIM, said central bank buying not only reduced but also crushed bond volatility, limiting investors’ hedging options.
Persons: John Sibley, Gary Kirk, ” Kirk, Patrick Krizan, , BOE, Guy LeBas, Janney Montgomery Scott, Justin Onuekwusi Organizations: British, Bank of England, REUTERS, Reserve Bank of Australia, Democrat U.S, TwentyFour Asset Management, Allianz Research, Citi, European Central Bank, ECB, ” Citi, Fed, Bank of Japan, Treasury, Federal Reserve, Union Locations: Australian, London, Britain, Japan, British, U.S, LGIM
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