Economy

 

UK construction output slips in Q4 despite December pick-up

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LONDON - British construction output slipped more than expected in the fourth quarter, dragged down by reduced infrastructure spending despite housebuilding increasing at the fastest pace since the start of 2014.

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UK surveyors report surge in activity as investors try to beat tax rise 11 Feb 2016

LONDON - British property valuers reported a surge of activity on Thursday as property investors tried to beat an increase in transaction taxes on rental investments coming into force in April.

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In an uncertain world, Bank of England 'agents' keep Carney informed 10 Feb 2016

REIGATE, England Unsure how a misfiring global economy is affecting matters at home, Bank of England chief Mark Carney has turned to an age-old gauge of Britain's economy: the word on the street from a trusted band of regional agents.

UK's NIESR estimates GDP growth slowed to 0.4 pct in January 10 Feb 2016

LONDON - British economic growth slowed in the three months to January, driven by weak industrial output, the National Institute of Economic and Social Research said on Wednesday.

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UK industrial output suffers biggest drop since 2012 in December 10 Feb 2016

LONDON British industrial output suffered its sharpest monthly drop in December since 2012 as warmer than usual weather curbed demand for electricity and gas and manufacturing continued its decline, denting hopes for improvement this year.

UK employers plan to raise wages by 2.8 percent in 2016 10 Feb 2016

LONDON British private sector employers plan to raise wages by 2.8 percent this year compared with 2.4 percent in 2015, a Bank of England survey showed on Wednesday, offering policymakers some assurance that wages will pick up in line with their forecasts.

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UK trade deficit widens, likely dragging on economic growth 09 Feb 2016

LONDON Britain's trade deficit with the rest of the world worsened in the fourth quarter and likely dragged on economic growth, despite improving in the month of December, official data showed on Tuesday.

Bank of England deputy says may act if lending speeds up 10 Feb 2016

LONDON The Bank of England will consider steps to safeguard financial stability if household debt grows faster than the rest of the economy, the bank policymaker in charge of financial stability said on Tuesday.

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UK retail sales growth picks up unexpectedly in January 09 Feb 2016

LONDON British retail spending growth hit a four-month high in January, as consumers splashed out on big-ticket items like furniture, an industry body said on Tuesday.

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Weak UK tax revenue could thwart Osborne's surplus aim, thinktank says 08 Feb 2016

LONDON Chancellor George Osborne's ambition to run a budget surplus by the end of the decade could easily be frustrated by disappointing tax revenues, the Institute for Fiscal Studies said on Monday.

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