LONDON Britain's budget deficit narrowed last month to its lowest level for any September in the past 10 years, in a boost for embattled Chancellor Philip Hammond ahead of next month's annual budget.
LONDON Bank of England Deputy Governor Jon Cunliffe said on Thursday it was not clear that interest rates needed to rise soon, showing at least two of the central bank's nine policymakers are unlikely to vote for a hike in November.
LONDON For the Bank of England, the hard bit about finally raising interest rates will be getting borrowers to heed the message it is likely to send: that they should not fear many more hikes any time soon.
LONDON British consumers are vulnerable to a hike in interest rates, ratings agency Moody's said on Thursday, two weeks before the Bank of England is widely expected to hike borrowing costs for the first time in more than a decade.
LONDON Britain's Office for National Statistics said on Thursday it will introduce a monthly measure of gross domestic product (GDP) in July next year.
LONDON Bank of England chief economist Andy Haldane said on Thursday that Britain's strong employment growth but weak wage increases raised questions about what was happening in the economy with implications for monetary police.
LONDON British retail sales slowed unexpectedly sharply in September, dragging quarterly growth to its weakest annual rate since 2013 and suggesting consumer demand remains uncertain as the Bank of England nears its first rate rise in a decade.
LONDON Over four million people in Britain are having difficulties paying their monthly bills, the Financial Conduct Authority (FCA) said on Wednesday, at a time when inflation is rising and interest rates may follow.
LONDON British pay growth has lagged behind inflation again, official data showed on Wednesday, adding to questions about how quickly the Bank of England will raise interest rates after an initial hike expected on Nov. 2. | Video
British companies froze their marketing budgets during the third quarter amid rising uncertainties about the economy as the UK looks to exit the European Union, a survey showed on Wednesday.