Economy

 

Bank of England mulls case for and against raising rates early

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LONDON - Bank of England officials discussed this month whether there was a case for an early interest rate rise, but there were concerns about hurting the recovery, minutes of their policy meeting showed on Wednesday.

Paul Fisher says Bank of England delivered recovery 7:23am BST

- 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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Asking prices for UK homes fall for first time in 2014-Rightmove 21 Jul 2014

LONDON - Asking prices for houses in Britain have fallen for the first time this year although they are likely to pick up more speed before the end of 2014, property website Rightmove said on Monday.

British consumer confidence dips for the first time in 2014 21 Jul 2014

LONDON - One measure of consumer confidence in Britain fell for the first time this year in June, the latest sign of a cooling in sentiment about the country's economic recovery.

UK first-time buyers reach highest level since 2007 21 Jul 2014

LONDON - The number of first-time homebuyers in Britain hit its highest level since the start of the financial crisis in the first half of 2014, helped by the recovering economy and policies such as Help to Buy, a survey showed on Saturday.

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Bank of England to hold fire on rates until early 2015 - Reuters poll 18 Jul 2014

LONDON - Fears of snapping off the British economy's deepening economic roots will prevent the Bank of England from raising interest rates from their record low of 0.5 percent until early next year, a Reuters poll found.

Global growth prospects dim even as asset prices fly higher 18 Jul 2014

- Global growth prospects have dimmed slightly, with the United States and Britain leading industrialised economies that are not generating much inflation even after years of aggressive monetary stimulus, Reuters polls found.

UK firms raise advertising budgets for 7th quarter in row as confidence grows 17 Jul 2014

LONDON - British companies increased their marketing budgets for the seventh successive quarter from April to June as they sought to cash in on optimism over the country's recovery from recession.

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