Economy

 

UK inflation slips back, house price growth hits seven-year high

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LONDON - British inflation edged down last month but house price growth surged in July at the fastest annual pace since in seven years, official data showed on Tuesday.

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Scottish "Yes" vote poses significant risk to UK growth forecasts 12 Sep 2014

LONDON - If Scotland votes for independence next week, existing consensus forecasts predicting Britain will enjoy some of the best economic growth in the developed world could well be scuppered, a Reuters poll found.

UK construction output stagnates in July as housebuilding slows 12 Sep 2014

LONDON - British construction output stagnated in July as a rapid expansion in house building started to level off, causing annual growth to sink to an eight-month low.

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Bank of England's Carney says spring rate hike possible 10 Sep 2014

LONDON - The Bank of England may start to raise interest rates next spring if the labour market continues to recover from the financial crisis, Governor Mark Carney said on Tuesday.

UK economic growth quickens slightly in June-August -NIESR 09 Sep 2014

LONDON - The pace of Britain's economic recovery picked up slightly in the three months to August, the National Institute of Economic and Social Research (NIESR) said on Tuesday.

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UK July industrial output shows biggest rise in six months 09 Sep 2014

LONDON - British industrial output rose the most in six months in July thanks to strong electricity and gas output, but the recent trend remains weak and the country's trade deficit widened, official data showed on Tuesday.

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Central bank poses challenge for independent Scotland 09 Sep 2014

LONDON - Scotland's nationalists may have to add the creation of a central bank and a currency to their plan to build a new country, if they win next week's independence referendum.

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Investors push back BoE rate hike expectations on Scotland worries 08 Sep 2014

LONDON - Investors pushed back expectations of when the Bank of England will raise interest rates on Monday after a poll showed the pro-Scottish independence camp with a lead for the first time.

Ownership of UK gold up for negotiation if Scotland votes 'Yes' 08 Sep 2014

LONDON - An independent Scotland could lay claim to a part of the United Kingdom's 310-tonne gold reserves if votes go in favour of the "Yes" campaign this month, with ownership of Britain's bullion hoard up for negotiation along with other assets.

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UK house price growth slows sharply in August 08 Sep 2014

LONDON - British house prices barely rose during August, according to a survey from mortgage lender Halifax on Monday that added to other signs of moderation in the housing market.

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