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UK shop sales rise but retailers worry about inflation - CBI

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LONDON British consumers returned to the shops this month but a sharp pick-up in inflation following last year's Brexit vote has made retailers more downbeat about the outlook, an industry survey showed on Thursday.

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Lull in once-rampant British housing market to persist for years - Reuters poll 23 Feb 2017

LONDON The British housing market, on a tear for more than two decades with only a brief correction during the financial crisis, appears to be set for a long pause as the government negotiates its exit from the European Union.

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Experts must admit uncertainty to regain trust, says top BoE official 23 Feb 2017

OXFORD, England Economic experts, maligned in an age of populist movements and fake news, must come clean when they are uncertain about the future if they are to regain the trust of the public, Bank of England Deputy Governor Minouche Shafik said on Wednesday.

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UK average pay deal inches up to 2 percent - XpertHR 23 Feb 2017

LONDON British companies gave staff an average 2 percent annual pay rise in the three months to the end of January, unchanged from a year earlier, according to data on Thursday which offered little sign that employees will be shielded from rising inflation.

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One fifth of UK shoppers fear Brexit may impact spending - PwC survey 23 Feb 2017

LONDON More than 20 percent of UK consumers are worried about the impact of Brexit on their spending plans over the next year, according to a report published by PwC on Thursday.

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UK inflation expectations steady for year ahead, rise further out 23 Feb 2017

LONDON The British public's expectations for inflation over the coming year held at their highest level in more than three years last month but rose for inflation further ahead, a monthly survey by bank Citi and polling firm YouGov showed on Thursday.

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UK farmers hold onto cash, cut investment on Brexit uncertainty 22 Feb 2017

LONDON British farmers are holding back on big investments as they brace for the UK's exit from the European Union, their largest market and a vital source of subsidies.

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UK economy picks up in late 2016 but signs of Brexit hit appear 22 Feb 2017

LONDON Britain's economy sped up at the end of 2016, data showed, but over the whole year it was weaker than previously thought and there were signs that the Brexit vote will increasingly act as a brake on growth in 2017. | Video

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BoE's Carney put on the spot by MPs over low-rate view 21 Feb 2017

LONDON Bank of England Governor Mark Carney faced a challenge from MPs on Tuesday over the way the Bank changed one of its fundamental assumptions about Britain's economy, which helps it justify keeping interest rates at a record low.

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BoE's Haldane says market rate hike expectations could hurt economy 21 Feb 2017

LONDON Bank of England chief economist Andy Haldane said on Tuesday that a sharp increase in market expectations for an interest rate hike could tighten credit conditions and harm the economy.

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