Economy

 

UK economy picks up in second quarter, recovery pace revised higher

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LONDON - Britain's economy grew more quickly than previously thought in the second quarter and its recovery from the financial crisis has been less sluggish than first estimated, according to official figures that use a new way of calculating data.

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UK house prices fall for first time in 17 months 9:23am BST

LONDON - House prices in Britain fell for the first time since April 2013 this month, mortgage lender Nationwide said, adding to evidence that a surge in house prices is starting to level off.

UK consumer confidence slips on cloudier outlook 7:37am BST

LONDON - British consumer morale edged down from a recent nine-year high this month as households became slightly less upbeat about the outlook for the economy and their personal finances, a survey from researchers GfK showed on Tuesday.

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Osborne targets welfare for cuts in tough message to voters 7:39am BST

BIRMINGHAM, England - Chancellor George Osborne spelled out plans for more spending cuts on Monday, betting that voters will accept his tough approach to fixing the economy and give an election victory to his Conservative Party next year.

UK housing market cools further as mortgage approvals slip 29 Sep 2014

LONDON - British mortgage approvals slipped a three-month low in August, according to official data, falling slightly more than expected and adding to signs the housing market has cooled in recent months.

UK firms' risk appetite picks up even as election looms 29 Sep 2014

LONDON - British companies are feeling their most confident about taking on business risk in seven years despite worries about an election in 2015 and a possible referendum on Britain's membership of the European Union, a survey showed on Monday.

Cameron woos voters with discount starter homes 29 Sep 2014

LONDON - Prime minister David Cameron pledged on Saturday to build 100,000 new homes and offer them to younger first-time buyers at a 20 percent discount if his party wins the election in May.

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House prices in England and Wales stagnate in September 26 Sep 2014

LONDON - Asking prices for houses in England and Wales flatlined in September for the first time in 19 months, according to a survey on Friday that showed a small fall in prices in London.

UK retail sales growth eases, optimism wanes 25 Sep 2014

LONDON - British retail sales grew this month at a slightly slower pace compared with August, according to a survey on Thursday that showed retailers' optimism for sales in the coming month waned.

Summer shutdowns pull UK car production 20 percent lower in August 25 Sep 2014

LONDON - British car production fell by more than 20 percent in August because of the timing of holidays and repairs to a major plant but output so far in 2014 remains ahead of last year, an industry body said on Thursday.

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