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Economy

 

Bank of England survey shows little sign of UK pay growth improving

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LONDON Pay growth across British companies remains subdued and investment intentions among British services firms weakened further in the last quarter, a Bank of England survey of businesses showed on Wednesday.

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Shopping surge in August boosts British rate hike bets 20 Sep 2017

LONDON British retail sales unexpectedly surged in August, boosting chances the Bank of England will raise interest rates for the first time in a decade at its next meeting. | Video

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UK employers' optimism falls to lowest since Brexit vote - REC 20 Sep 2017

LONDON British employers are their most pessimistic about the outlook for the economy since last year's Brexit vote and want clarity about the departure from the European Union, a survey showed on Wednesday.

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Brexit, slowdown: a bleak backdrop for UK shift towards higher rates 20 Sep 2017

LONDON The Bank of England has chosen an unusual time to announce that British interest rates are likely to rise for the first time in more than 10 years.

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Bank of England's Carney sees Brexit pushing up inflation, slowing growth 19 Sep 2017

WASHINGTON Bank of England Governor Mark Carney said on Monday that Brexit is likely to hurt Britain's growth prospects in the short term and push up inflation as the country adjusts to life outside the European Union. | Video

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UK households squeezed again, BoE might make it worse - survey 18 Sep 2017

LONDON British households are feeling the tightest squeeze on their finances in three years and the Bank of England's signal that it is getting close to raising interest rates is likely to make things worse, a survey showed on Monday. | Video

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UK businesses call for three-year Brexit transitional deal 18 Sep 2017

LONDON British business leaders from companies including BT and Centrica said they wanted a three-year Brexit transitional deal to protect jobs in Britain and Europe.

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UK nurses bid for 3.9 percent salary rise in latest push against pay cap 18 Sep 2017

LONDON Nurses, midwives and cleaners working in Britain's publicly-funded National Health Service (NHS) called on ministers to boost their salaries by 3.9 percent, in the latest push against a government-imposed cap on pay rises.

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Bank of England dove echoes rate hike message, sterling jumps 15 Sep 2017

LONDON The prospect of British interest rates rising for the first time in 10 years grew on Friday when a Bank of England policymaker who had been its strongest advocate of ultra-low borrowing costs said rates might need to rise in the coming months.

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London house prices record biggest fall since 2008 - RICS 14 Sep 2017

LONDON House prices in central London fell at their sharpest pace since 2008 in August, intensifying the slowdown in the capital's housing market, but prices went up in other regions of Britain, a survey showed on Thursday.

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