UK construction output slumps in August


LONDON - British construction output fell in a rainy August at its sharpest rate since late 2012, adding to signs that overall economic growth slowed in the third quarter, official data showed on Friday.

Carney says Bank of England rate hike not Fed-dependent 2:48pm BST

LIMA - The Bank of England will not necessarily wait for a hike from the U.S. Federal Reserve before it raises interest rates, Governor Mark Carney said on Thursday.


UK think tank sees more poverty, countering Cameron's message 08 Oct 2015

LONDON - Up to 200,000 households with people in work in Britain will be pushed into poverty by the government's latest welfare reforms, according to a report published a day after Prime Minister David Cameron promised an "all-out assault on poverty".

UK inflation expectations edge up in September 08 Oct 2015

LONDON - The British public's expectations for inflation in the next 12 months rose slightly in September, according to a survey published on Thursday.

Bank of England keeps rates steady, sees soft inflation outlook 7:14am BST

LONDON - The Bank of England showed no sign it was close to raising interest rates as it voted once again to keep them at a record low and said the outlook for inflation in coming months looked weaker than it previously thought.


UK surveyors says house price growth slows in September 08 Oct 2015

LONDON - British house prices rose more slowly in September as the number of deals grew, though the market remained hampered by a shortage of properties for sale, a body representing property valuers said on Thursday.

UK economic growth slowed to 0.5 percent in third quarter - NIESR 08 Oct 2015

LONDON - Britain's economy likely slowed in the third quarter, the National Institute of Economic and Social Research, a think tank, said on Wednesday.

Former IMF chief economist backs 'people's QE' 08 Oct 2015

LONDON - "People's QE" could be an option to help economies fight future crises, Olivier Blanchard, who has just stepped down as chief economist of the International Monetary Fund, said on Wednesday.

New UK minimum wage weighing on hiring 08 Oct 2015

LONDON - Concerns among British employers about a new, higher minimum wage are contributing to a sharp slowdown in hiring via recruitment firms, according to a survey published on Thursday.


UK high street prices fall harder, food prices turn down again 07 Oct 2015

LONDON - The fall in British shop prices picked up more speed in September, the British Retail Consortium said on Wednesday, underscoring the weak outlook for the country's zero inflation rate.

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