Who might move next? The Bank of England's rate-setters in focus
LONDON Bank of England policymakers are increasingly split over the need to raise interest rates for the first time in a decade.
LONDON Consumer morale eased last month from January's five-month high as shoppers grew more worried about their jobs, a survey from building society Nationwide showed on Friday.
The figures chime with February retail sales data released on Thursday, which showed the biggest monthly drop in sales volumes for nine months, and raise concerns about the health of Britain's sluggish economic recovery.
Nationwide said its consumer confidence index dropped to 44 in February from 47 in January, more than 30 points below its long-run average, though it holds above the record lows seen in the final quarter of 2011.
The fall was broad based, with a deterioration in consumers' assessment of the present economic situation, the future and their willingness to spend.
"After showing signs of cautious optimism at the start of the year, consumer confidence slipped back in February," said Nationwide economist Robert Gardner. "Weak labour market conditions combined with weaker-than-expected economic growth are continuing to weigh on confidence."
Britain's unemployment rate held at a 16-year high of 8.4 percent in the three months to January.
(Reporting by David Milliken; Editing by Susan Fenton)
LONDON British factory orders have hit their highest level in nearly 30 years, according to a monthly Confederation of British Industry survey which might encourage Bank of England policymakers who favour an interest rate hike.
LONDON Prime Minister Theresa May said on Wednesday her government would continue to cut corporation tax to encourage businesses to invest in Britain and help the economy grow.