UK growth revised higher at end of 2014, boosted by exports


LONDON - Britain's economy expanded at a faster pace than previously thought at the end of last year, helped by strong growth in exports, a boost for Prime Minister David Cameron before a national election on May 7.


UK consumer confidence hits 12-year high in March 7:33am BST

LONDON - British consumer morale rose to its highest level in more than 12 years this month, continuing an upward trend which economic polling company GfK said could boost Prime Minister David Cameron's hopes of re-election in May 7's election.


UK mortgage approvals rise to six-month high in February 30 Mar 2015

LONDON - British mortgage approvals hit a six-month high in February, rising for a third straight month and suggesting the housing market could start to regain momentum, Bank of England data showed on Monday.


Carney says BoE rates likely to rise, contrasts with Haldane 30 Mar 2015

FRANKFURT - The Bank of England expects its next move in interest rates to be an increase not a cut despite record low inflation, Bank of England Governor Mark Carney said on Friday, underscoring his difference of view with the Bank's chief economist.


Bank of England, stung by scandals, flags market concerns 27 Mar 2015

LONDON - The Bank of England is warning about potential irregularities in financial markets on a regular basis as it tries to address the problems that dragged it into recent market scandals, a senior BoE official said.


UK retail sales improve in Feb, boding well for economy 26 Mar 2015

LONDON - British retail sales rose at the fastest pace in three months in February, beating expectations and suggesting Britain's consumer-led economic recovery remains strong ahead of national elections in May.

UK retail sales growth rebounds in March - CBI 26 Mar 2015

LONDON - British retail sales growth rebounded in March after almost grinding to a halt in February, although optimism about sales in the coming month waned, an industry survey showed on Thursday.

UK mortgage approvals rise for second month in February 26 Mar 2015

LONDON - Mortgages approved by British banks rose in February for a second month in a row, adding to signs that a slowdown in the British housing market may have bottomed out, the British Bankers' Association said on Wednesday.


Bank of England policymakers see scant need for rate cut 26 Mar 2015

LONDON - Three Bank of England policymakers said on Wednesday they saw little chance of a cut in interest rates in the face of tumbling inflation, distancing themselves from the position of the central bank's chief economist.


Cameron uses last parliament clash before election to rule out tax rise 25 Mar 2015

LONDON - Prime Minister David Cameron used his last debate in parliament before a national election on May 7 to try to push his Conservative Party ahead of opposition Labour in stagnant opinion polls by ruling out a rise in value added tax.

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