Economy

 

In countdown to election, rate hike moves to centre stage

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LONDON - Britain's politicians and central bankers are watching one another even more closely than usual as the timing of a general election and a headline-making interest rate rise look set to converge.

Osborne to deliver budget statement on December 3 1:32pm BST

LONDON - The British government will release a half-yearly budget update and new fiscal forecasts on Dec. 3, Chancellor George Osborne said on Tuesday.

UK inflation expectations for next 12 months edge up in August 1:27pm BST

LONDON - Britons' expectations for inflation over the next 12 months edged up in August to 2.3 percent from 2.2 percent in July, a monthly poll by YouGov showed on Tuesday.

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UK construction growth strongest in seven months 10:22am BST

LONDON - Construction output in Britain grew at its fastest pace in seven months in August, boosting job creation but also putting strain on suppliers, industry data showed on Tuesday.

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UK manufacturing growth ebbs, denting hopes for balanced recovery 01 Sep 2014

LONDON - Britain's manufacturing revival slowed sharply last month as the Ukraine crisis crimped demand from abroad, further denting hopes for a more balanced economic recovery.

UK mortgage approvals fell in July 01 Sep 2014

LONDON - British mortgage approvals fell slightly in July, matching expectations, according to official data on Monday that pointed to some moderation in the housing market.

UK manufacturing growth cools as export orders slip 01 Sep 2014

LONDON - Britain's main manufacturing trade association trimmed its growth forecast for 2014 on Monday after its members reported the first fall in export orders since early 2013.

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Risk-averse UK investors slash equity holdings in August 29 Aug 2014

LONDON - British investment managers slashed their equity holdings in August and bumped up their bets on bonds as heightened global tensions prompted a move away from risky assets, a poll showed.

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UK house prices surge unexpectedly in August - Nationwide 29 Aug 2014

LONDON - British house prices rose during August at a much faster monthly pace than expected, according to a survey on Friday that contrasted with other signs of cooling in the housing market.

UK consumer confidence rises more than expected in August -GfK 29 Aug 2014

LONDON - British consumer morale strengthened more than expected in August, matching June's nine-year high, as Britons became more confident about the economy and their financial prospects, a survey showed on Friday.

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