Economy

 

UK employers agree average 2.5 percent pay rise in Q1

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LONDON - British employers raised pay in the first three months of 2014 at the same pace as a year ago, although current low levels of inflation should improve workers' spending power, a survey showed on Thursday.

UK retail sales show Easter rebound in April - CBI 11:03am BST

LONDON - British retail sales bounced back this month after a weak March, helped by sales from a later-than-usual Easter, the Confederation of British Industry said on Monday.

UK car manufacturers grow again after retooling 7:24am BST

LONDON - British car production returned to growth in March after some automakers completed retooling to make new models, an industry body said on Thursday, in another sign of momentum in the country's manufacturing sector.

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UK economy picking up speed - Bank of England 23 Apr 2014

LONDON - Britain's economic recovery is gaining momentum but Bank of England policymakers held different views about the amount of slack in the economy and the medium-term inflation outlook, minutes from their April 9 meeting showed.

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Britain's budget gap narrowest since financial crisis 23 Apr 2014

LONDON - Britain's hefty budget deficit has fallen to its lowest since the financial crisis, official data showed on Wednesday, helping the government argue it is delivering on a key economic pledge a year before a national election.

UK inflation expectations fall to lowest since late 2009 - YouGov 23 Apr 2014

LONDON - The British public's expectations for inflation over the coming year fell to 2.0 percent this month from 2.1 percent in March, its lowest level since late 2009, a monthly survey by polling company YouGov showed on Wednesday.

UK firms increase ad budgets as recovery optimism grows 17 Apr 2014

LONDON - The number of British companies increasing their marketing spend grew at its strongest pace in 14 years in the first quarter, signalling optimism that Britain's recovery from recession is gaining momentum, an industry survey showed on Thursday.

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Unemployment plunges to five-year low, pay grows 16 Apr 2014

LONDON - Britain’s unemployment rate unexpectedly dropped in the three months to February, reviving speculation the Bank of England will start raising interest rates earlier than it has signalled.

Scottish GDP growth hampered by refinery strike in late 2013 16 Apr 2014

LONDON - A strike at Scotland's only oil refinery contributed to a sharp slowdown in economic growth at the end of 2013 at a time when the rest of the British economy was booming, data showed on Wednesday.

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