Economy

 

British manufacturing emerges from years in the shadows

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CHELTENHAM, England - New business is coming from unexpected places to help power the whirring, high-tech lathes on the factory floor of Future Advanced Manufacture, one of the companies spearheading Britain's manufacturing revival.

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Poll shows UK homeowner confidence stalls for first time in 18 months 7:24am BST

LONDON - One measure of consumer confidence in Britain stalled for the first time since December 2012 this month as fewer people expect house prices to rise, a survey by polling company YouGov showed on Thursday.

UK car production boosted by new models in first half of 2014 7:25am BST

LONDON - British car production showed annual growth of more than 3 percent in the first six months of 2014 thanks to new models and further expansion is expected, an automotive industry body said on Thursday.

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Bank of England eyes wage puzzle as it mulls when to raise rates 23 Jul 2014

LONDON - Bank of England officials discussed in July whether there was a case for an early rate rise to cool Britain's economy, but were held back in part by strikingly low wage growth and signs of weakness abroad.

Bank of England's Carney sees conflicting signals from jobs market 23 Jul 2014

GLASGOW Scotland - The Bank of England is weighing up conflicting data on Britain's labour market as it prepares to start raising interest rates off their record low of the last five years, BoE Governor Mark Carney said on Wednesday.

UK mortgage approvals turn up in June despite housing curbs 23 Jul 2014

LONDON - British banks reported their first sizeable increase in mortgage approvals in five months in June but it was too early to gauge the impact of new mortgage restrictions, the British Bankers' Association said on Wednesday.

UK retail sales growth quickens in July 23 Jul 2014

LONDON - British annual retail sales growth quickened in July and expectations for August also picked-up, a survey by the Confederation of British Industry said on Wednesday.

Paul Fisher says Bank of England delivered recovery 23 Jul 2014

- Bank of England economist Paul Fisher credited quantitative easing and the bank's Funding for Lending Scheme for the recovery that kicked in last year in an interview on Wednesday with the Independent.

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UK June public finances show government slipping off target 22 Jul 2014

LONDON - Britain's public finances showed a bigger than expected deficit in June, continuing a weak start to the tax year and leaving Chancellor George Osborne with a lot of catching up to do to meet his fiscal goals.

UK factory orders slow more than forecast in July 22 Jul 2014

LONDON - British factory orders slowed more than expected in July and growth expectations also eased, a latest sign that the pace of recovery in manufacturing has lost a bit of steam, the Confederation of British Industry said on Tuesday.

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