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Economy

 

British consumer confidence slips to four-month low in April - GfK

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LONDON - British consumers were their most gloomy in four months in April as they weighed up the outlook for the economy and their finances ahead of Brexit and June's general election.

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UK mortgage approvals and consumer lending slow in March - BBA 28 Apr 2017

LONDON British banks approved the fewest mortgages in four months in March and consumer credit growth slowed, industry figures showed on Friday, adding to signs of a weakening in economic growth in early 2017.

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UK house prices fall again in April as buyers face Brexit pinch 28 Apr 2017

LONDON British house prices fell for a second month in a row in April, suggesting households are feeling the pinch from rising inflation since last year's Brexit vote and low wage growth, data from mortgage lender Nationwide showed on Friday.

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British economy slows sharply as inflation hits home 28 Apr 2017

LONDON Britain's economy slowed sharply in the first three months of 2017 as households and high streets felt the pinch from higher inflation, which has risen sharply since last year's Brexit vote. | Video

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UK retail sales expand in April at fastest pace since September 2015 - CBI 27 Apr 2017

LONDON British retailers reported the biggest increase in sales volumes since mid-2015 during April, according to an industry survey on Thursday that may help to allay fears of a worsening consumer-led slowdown.

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UK car production rises to 17-year high in first quarter - SMMT 27 Apr 2017

LONDON British car production rose to a 17-year high in the first three months of 2017, as rising overseas demand offset weaker appetite from domestic car buyers, the country's automotive industry said on Thursday.

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British housebuilders deliver upbeat trading statements 27 Apr 2017

Two of Britain's biggest housebuilders on Thursday expressed confidence for 2017, saying that strong demand from first-time buyers and good mortgage availability had propped up sales growth.

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UK tourism set for boost from weak pound and 'staycationers' - survey 27 Apr 2017

LONDON The British hotel and leisure industry is set for a bumper year as a weak pound boosts demand from foreign tourists and deters Britons from travelling abroad, a survey by Barclays showed on Thursday.

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British housing starts indicator hits 10-year high, commercial market improves 27 Apr 2017

LONDON A measure of house-building plans in Britain hit a 10-year high in early 2017 and demand for commercial property improved too, industry surveys showed on Thursday, easing concerns about the impact of last year's Brexit vote on the real estate market.

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May says pensioner incomes will rise, avoids hard commitment 26 Apr 2017

LONDON British Prime Minister Theresa May said on Wednesday that old age pension payments would continue to rise if her party wins a June 8 election, but avoided renewing a pledge made by her predecessor that mandates a minimum 2.5 percent annual rise.

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