Economy

 

UK October public finances show improvement

LONDON - Britain's public finances improved slightly in October, official data showed on Friday, giving Chancellor George Osborne hope the budget might recover at a faster pace ahead of next year's general election.

CBI factory outlook weakens despite November bounceback 20 Nov 2014

LONDON - British manufacturers expect their output in the next three months be its weakest in more than a year even after orders picked up in November, an industry survey showed on Thursday.

UK retail sales rebound, set to counter growth slowdown 20 Nov 2014

LONDON - British retail sales jumped in October, suggesting that shoppers will take the edge off an end-of-year economic slowdown as Europe's weak growth takes its toll on Britain's factories.

British car production falls in October, hit by lower foreign demand 20 Nov 2014

LONDON - British car production fell by nearly 7 percent year-on-year in October and the industry looks set to miss its full-year target due to weaker overseas demand, an industry body said on Thursday.

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Differences appear within majority of BoE rate-setters 19 Nov 2014

LONDON - Differences over the risks to Britain's economy surfaced this month among the Bank of England officials who have voted to keep interest rates on hold, complicating the outlook for monetary policy.

UK real earnings sink to decade-low but some see pay pick up 19 Nov 2014

LONDON - British workers' real earnings fell to levels not seen in more than a decade in the 12 months to April but there were also signs of above-inflation wage growth for many employees, a broad survey of incomes showed.

UK households less worried about finances as inflation fades 19 Nov 2014

LONDON - British households felt less worried about their finances in November as concerns about inflation eased to their lowest level in more than five years and earnings continued to recover, a monthly survey showed on Wednesday.

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BoE's McCafferty says he and Weale have consistently backed rate hikes 19 Nov 2014

LONDON - Bank of England policymaker Ian McCafferty suggested he and fellow rate-setter Martin Weale once again voted for an interest rate hike this month, although he said the weakness in the euro zone economy was a worry.

Weaker finance flows could deepen UK current account woes - BoE's Forbes 19 Nov 2014

LONDON - The slowdown in global financial flows since the 2008-09 crisis could make it harder to fund Britain's vast current account deficit, although a 1960s-style currency crisis is unlikely, a Bank of England official said on Tuesday.

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Inflation edges up in October from five-year low 18 Nov 2014

LONDON - British inflation edged up in October from a five-year low but prices are expected to weaken again soon, underscoring why the Bank of England is signalling it won't start to raise interest rates until well into next year.

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