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UK economy gets a kick from World Cup and heatwave



UK economy

England’s World Cup success combined with the heatwave is helping the UK economy recover from the slowdown triggered by the Brexit vote and heavy snowfall earlier this year, according to economists.

Mark Carney, the governor of the Bank of England Expertoption registration / open account, believes winning the trophy in Moscow at the weekend would be an “unadulterated, unalloyed good” for the whole of the British economy.

Threadneedle Street’s chief economist, Andy Haldane, also argues the rise in consumer spending amid the “feelgood factor” for much of Britain (England represents 86% of the economy) could support the need for higher interest rates.

Source: The Guardian

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