Economy

 

UK inflation expectations weakest in more than five years

LONDON - Expectations in Britain for inflation in the year ahead have fallen to their lowest level in more than five years, a survey showed on Tuesday.

Bank of England's Forbes sees stronger world economy than peers 11:34am GMT

LONDON - A Bank of England policymaker said on Tuesday she thought the outlook for the global economy might not be as weak as some of her colleagues believe and could be less of a drag on Britain's recovery than the bank has forecast.

OECD sees gradual world recovery, urges ECB to do more 11:20am GMT

PARIS - The global economy will gradually improve over the next two years but Japan will grow less than previously expected while the euro zone struggles with stagnation and an increased deflation risk, the OECD said on Tuesday.

UK banks approve fewest mortgages since May 2013 9:35am GMT

LONDON - British banks approved 37,076 mortgages for house purchase in October, the lowest number since May last year, as the housing market continued to slow, the British Bankers' Association said on Tuesday.

UK service sector grows steadily in three months to November 7:21am GMT

LONDON - The services sector that forms the bulk of Britain's economy grew steadily in the three months to November, but companies are growing less optimistic about the outlook, a survey published on Tuesday showed.

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Countdown to missed opportunity for EU economy 24 Nov 2014

PARIS - The countdown has begun to what threatens to be a missed opportunity to revive Europe's stalled economy.

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UK retailers look to U.S. Black Friday for Christmas lift-off 21 Nov 2014

LONDON - Next week's "Black Friday", a traditional discount day for U.S. retailers, looks set to be the biggest ever for British shops as more join in the promotional event to kickstart Christmas sales.

UK public finances improve, but remain far off-track 21 Nov 2014

LONDON - Britain's public finances improved slightly in October but Chancellor George Osborne is still unlikely to meet his budget goals before next year's general election.

CBI factory outlook weakens despite November bounceback 20 Nov 2014

LONDON - British manufacturers expect their output in the next three months be its weakest in more than a year even after orders picked up in November, an industry survey showed on Thursday.

UK retail sales rebound, set to counter growth slowdown 20 Nov 2014

LONDON - British retail sales jumped in October, suggesting that shoppers will take the edge off an end-of-year economic slowdown as Europe's weak growth takes its toll on Britain's factories.

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