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UK OPENING NEWS INCLUDING: UK Tory Rebels lost the vote on EU referendum in the House of Commons

Last updated: 04:04 25 Oct 2011 EDT, First published: 03:04 25 Oct 2011 EDT

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BoE’s Weale said that UK’s underlying growth is weak and he wouldn’t be surprised if UK GDP fell in Q4. BoE’s Weale added that risk of recession has risen and sees a threat to the UK economy from the Euro-area crisis.  (Sources) 

House of Commons rejected a call for EU referendum by 483 votes to 111 votes. UK Tory Rebels lost the vote on EU referendum in the House of Commons. (Sources) 

Eleven of the City’s main financial groups have urged Chancellor George Osborne to fight any proposed financial transactions tax, in a letter sent to the Treasury yesterday. (City AM) The City collective – which includes the British Bankers’ Association and Investment Management Association – argued that a tax would hammer the economy and affect all of the public, not just financial services.

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