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UK employers agree average 2.5 percent pay rise in Q1


LONDON - British employers raised pay in the first three months of 2014 at the same pace as a year ago, although current low levels of inflation should improve workers' spending power, a survey showed on Thursday.

UK inflation expectations fall to lowest since late 2009 - YouGov 23 Apr 2014

LONDON - The British public's expectations for inflation over the coming year fell to 2.0 percent this month from 2.1 percent in March, its lowest level since late 2009, a monthly survey by polling company YouGov showed on Wednesday.

New EU law to help investors pick good corporate citizens 22 Apr 2014

LONDON - Investors looking for companies with good environmental, social and governance track records will find the job easier after European politicians ruled that thousands of firms must reveal their performance as corporate citizens.


Unemployment plunges to five-year low, pay grows 16 Apr 2014

LONDON - Britain’s unemployment rate unexpectedly dropped in the three months to February, reviving speculation the Bank of England will start raising interest rates earlier than it has signalled.

Persimmon says housing demand picking up across Britain 16 Apr 2014

LONDON - British housebuilder Persimmon said demand for new houses continued to strengthen, helped by government intervention to help first-time buyers.

Lower inflation boosts UK households' morale - Markit 16 Apr 2014

LONDON - British households feel under the least financial pressure in more than five years, due to lower inflation and the prospect of higher wages, a monthly survey showed on Wednesday.


UK inflation hits new four-year low, house prices continue rise 15 Apr 2014

LONDON - British inflation fell to its lowest in over four years in March, easing pressure on living standards and raising the prospect that prices may now be rising by less than wages for the first time in years.


British house prices boom, Bank of England holds fire 10 Apr 2014

LONDON - House prices and sales took off again in Britain last month, reflecting the economy's surprisingly fast recovery, but the Bank of England stuck to its course and left interest rates unchanged at record lows.

FCA threatens tougher action on bank overdraft fees 10 Apr 2014

LONDON - Britain's financial watchdog may impose changes in how banks treat overdrawn customers after its research showed people are paying too much when they go into the red.

UK car insurance premiums continue slide into 2014 09 Apr 2014

LONDON - The cost of car insurance in the UK has continued to slide in 2014, sweeping aside hopes among insurers that a price war that has raged for two years was starting to ease.


London's Gherkin tower enters receivership

LONDON - London's landmark Gherkin office tower has been placed into receivership by its creditors, Deloitte, the accountancy firm said on Thursday, paving the way for a sale of the skyscraper.

Government announces 0.75 percent cap on annual pension scheme charges

LONDON - Annual charges on British workplace pension schemes that automatically enrol their members will be capped at 0.75 percent from April 2015 in what the UK pensions minister called "an end to rip-off pension charges".

UK government, insurers ease pension rules for retirees before reforms

LONDON - Britain's government has eased pension restrictions on people who are in the process of retiring, giving them more time to decide what to do with their savings, ahead of a shake-up of pension rules to take effect next year.

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