Economy

 

First BoE rate hike to come in early 2016, but conviction wavering - Reuters poll

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LONDON - The Bank of England is still expected to raise its benchmark interest rate from a record low of 0.5 percent early next year but economists in the latest Reuters poll are now less certain about the timing.

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UK annual house price growth lowest since mid-2013 - Nationwide 27 Aug 2015

LONDON - British house prices rose this month at the slowest annual pace in more than two years, according to mortgage lender Nationwide, although it warned the slowdown might not persist unless house-building picks up significantly.

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Housing, retail surveys point to strong growth in third quarter 26 Aug 2015

LONDON - Mortgage approvals in Britain rose to a 17-month high in July and retail sales growth unexpectedly accelerated in August, according to surveys that suggested consumers will continue to drive the economy through the second half of the year.

UK public's inflation expectations ease back in August - Citi/YouGov 27 Aug 2015

LONDON - The British public's expectations for inflation in the next 12 months fell back this month after hitting an eight-month high during July, according to a survey published on Wednesday.

British house price rises to slow in 2016 - Reuters poll 27 Aug 2015

LONDON - British house prices will rise more slowly next year than in 2015, according to a Reuters poll of analysts that also found interest rates would have to reach 3 percent before seriously affecting the market.

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UK mortgage approvals rise to 17-month high in July 26 Aug 2015

LONDON - The number of mortgage approvals in Britain rose in July to their highest level in 17 months, the British Bankers' Association said on Wednesday, the latest sign that Britain's housing sector is rebounding.

Britain's women managers "work for free" for nearly 2 hours a day 25 Aug 2015

LONDON (Thomson Reuters Foundation) - Britain's female managers work for free for nearly two hours every day, according to a new survey.

UK advertised starting salaries fall in July 25 Aug 2015

LONDON - Starting salaries advertised in British job postings fell in July compared with a year ago, according to a survey on Tuesday that adds to tentative signs of a cooling labour market.

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UK employers raise growth outlook, see earlier BoE rate move 24 Aug 2015

Britain's economy will grow more strongly than previously thought this year and in 2016, an industry group said on Monday, as it also brought forward its prediction for the timing of Britain's first rate hike in over seven years.

Economists say Labour favourite Corbyn's policies "not extreme" 24 Aug 2015

LONDON - More than 40 economists on Sunday backed Labour lawmaker Jeremy Corbyn's policies, boosting the leftwinger's campaign to lead Britain's opposition party, after opponents said his "extreme" views would make it unelectable.

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