Economy

 

UK firms expect to offer a bit more pay in 2015 - CBI

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LONDON - British companies plan to cautiously relax their grip on pay in 2015, but rises will be limited by higher costs for holiday pay and workplace pensions, as well as weak productivity growth, the Confederation of British Industry said on Monday.

UK inflation expectations weakest in nearly six years 22 Dec 2014

LONDON - Expectations in Britain for inflation in the year ahead have fallen to their lowest level in almost six years, a survey showed on Monday.

UK inflation plunge does not pose deflation risk - BoE's Miles 22 Dec 2014

LONDON - The sharp fall in British inflation does not pose a risk of deflation and there is no need to take more measures to stimulate the economy, a policymaker at the Bank of England said in a newspaper column on Sunday.

Bank of England's Weale says need to look beyond oil price fall 22 Dec 2014

LONDON - The recent sharp fall in oil prices should not be seen as a signal of where inflation will be in a couple of years’ time, according to a Bank of England policymaker who has been voting for a hike in interest rates.

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'Black Friday' spree lifts retail sales growth to 27-year high - CBI 19 Dec 2014

LONDON - A 'Black Friday' shopping frenzy pushed British retail sales growth to a 27-year high in December, according to an industry survey on Friday.

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UK public finances improve in November, helped by forex fines 19 Dec 2014

LONDON - Britain's public finances improved in November helped by fines paid by banks for a foreign exchange scandal, giving some respite to Chancellor George Osborne as he tries to show voters he can keep on bringing down the deficit.

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UK house price growth to slow in 2015 19 Dec 2014

LONDON - British house price growth is expected to slow next year as tighter mortgage rules and affordability constraints continue to bite in much of the country, the Royal Institution of Chartered Surveyors (RICS) said on Friday.

UK consumer confidence slides to nine-month low in December 19 Dec 2014

LONDON - British consumer morale edged down in December to reach its weakest level since March as optimism about the economy hit a 17-month low, a survey by polling company GfK showed on Friday.

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'Black Friday' discounts lift UK retail sales growth to 10-year high 18 Dec 2014

LONDON - British retail sales surged at their fastest annual rate in more than a decade last month, as U.S.-style "Black Friday" discounts drove record sales growth at electrical and department stores.

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Royal Mail sale could have raised extra 180 million pounds - official report 18 Dec 2014

LONDON - The privatisation of Britain's Royal Mail could have raised an extra 180 million pounds, according to a government-commissioned report that largely endorsed the cautious approach by ministers in the 2-billion-pound sale.

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