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Pound slips vs dollar after Bank as politics weighs

2010-03-04 16:56

LONDON (Reuters) - Sterling fell on Thursday, retreating from initial gains made against the dollar after the central bank held interest rates, as political and economic concerns kept the UK currency under selling pressure.

The pound hit the day's high against the dollar after the Bank of England kept interest rates at 0.5 percent and held back on quantitative easing, but reversed those gains as traders sold into the rally, underlining demand to punish the pound.

Housing market among few gainers in 2009

2010-03-03 07:49

LONDON (Reuters) - Britain was one of the few European countries to record a rise in house prices in 2009 according to a new report, giving further impetus to signs of a sustained recovery in 2010.

The RICS European Housing Review 2010 show that UK house prices rose by 1 percent in 2009, among only five countries to record growth, with the Nordic countries storming ahead with gains as high as 12 percent in Norway.

Hong Kong, afraid of bubble, ups luxury property tax

2010-02-24 14:13
  • Stamp duty increased to 4.25 pct from April 1
  • Government plans to increase land supply
  • Hong Kong property shares outperform market (Adds detail, quotes)

Hong Kong's government plans to raise the tax on luxury apartment deals and increase land supply to try and prevent the property market from overheating, a trend evident in many Asian markets.

Cost of having a child now over 200,000 pounds

2010-02-23 23:48

The cost of raising a child in Britain has surpassed 200,000 pounds for the first time, an annual survey has found, with state education and childcare posing the biggest headaches.

Figures published by insurance group LV= reveal the average parent is likely to have shelled out 201,809 pounds per child by the time it reaches the age of 21.

That's an increase of 4 percent over the past year and 43 percent since the survey was launched in 2003.

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