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UK house price growth to slow in 2015


LONDON - British house price growth is expected to slow next year as tighter mortgage rules and affordability constraints continue to bite in much of the country, the Royal Institution of Chartered Surveyors (RICS) said on Friday.

UK households to pay 1 billion pounds for backup power plants 19 Dec 2014

LONDON - British households will pay nearly 1 billion pounds to help guarantee the country's electricity supply in 2018/19, after a government auction determined who will provide backup power capacity.

UK consumer confidence slides to nine-month low in December 19 Dec 2014

LONDON - British consumer morale edged down in December to reach its weakest level since March as optimism about the economy hit a 17-month low, a survey by polling company GfK showed on Friday.

EU agrees deal to cap bank card payment fees 19 Dec 2014

BRUSSELS - European Union governments have agreed to cap the fees retailers pay to process debit and credit card transactions in a move the EU parliament said should bring down costs for customers.

UK car insurance premiums rise in November - Towers Watson 18 Dec 2014

LONDON - The average cost of a comprehensive UK car insurance policy rose 0.3 percent in November to 590 pounds, the third successive month of rises, a Towers Watson survey said on Thursday.


UK households' optimism over finances hits six-year high 17 Dec 2014

LONDON - British households were more optimistic in December about their financial prospects in the coming 12 months than at any point in the last six years, a monthly survey showed on Wednesday.


UK earnings recovery might not help Cameron much before election 18 Dec 2014

LONDON - The wages of British workers are rising and inflation is tumbling, but a turnaround in living standards may prove to be too little, too late for Prime Minister David Cameron as a general election approaches.

Bank of England policymakers see oil price fall lowering short-term inflation 17 Dec 2014

LONDON - Bank of England policymakers focused heavily on falling oil prices in their December meeting, and the majority who have been voting to keep interest rates on hold appeared slightly more united.


UK inflation falls sharply in November to 12-year low 16 Dec 2014

LONDON - British inflation fell unexpectedly to its lowest level in more than 12 years in November, further easing a squeeze on consumers and leaving the Bank of England under no pressure to raise interest rates soon.


Eyeing 2015 election, Cameron unveils new house buying scheme 15 Dec 2014

LONDON - Tens of thousands of young Britons will be offered the chance to buy their first home with a hefty discount by Prime Minister David Cameron on Monday, a scheme he hopes will boost his re-election chances for May next year.


Asking prices for UK homes suffer record fall

LONDON - Asking prices for homes on sale in Britain posted the largest monthly fall on record in December but are likely to rise by between 4 and 5 percent next year, property website Rightmove said on Monday.

UK pension deficit rises to 221 billion pounds

LONDON - The shortfall in Britain's private sector pension plans rose to an estimated 221 billion pounds ($345.6 billion) at the end of November from 165 billion pounds in October, the Pension Protection Fund (PPF) said on Tuesday.


Ex-Northern Rock customers set for payback

LONDON - More than 40,000 British borrowers are in line to get thousands of pounds in compensation after London's High Court ruled against former bank Northern Rock in a test case over the wording of past loan documents.

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