UK to raise deposit guarantee after pound's Brexit plunge
LONDON The Bank of England (BoE) has proposed raising the guarantee on bank account deposits back to 85,000 pounds from Jan. 30, 2017, to reflect the sharp fall in sterling following Britain's vote to leave the European Union.
Hammond says budget options constrained by high debt
LONDON Britain's first budget plan since the Brexit vote will not include a big new spending push because of "eye-wateringly" high public debt levels, but will have some help for the economy and struggling families, the country's Chancellor said.
Britain to shake up fund management to give investors better value
LONDON Investors get poor value for money from Britain's 7 trillion pound asset management industry because there is not enough competition and a lack of transparency on fees, the industry regulator said on Friday.
Inflation pressure limits BoE response to jobless rise - Broadbent
LONDON The Bank of England would be able to do more to counter a projected rise in unemployment were it not for a sharp increase in inflation pressure caused by sterling's fall since June's Brexit vote, Deputy Governor Ben Broadbent said on Friday.
Modest fiscal easing ahead for Britain, but BoE likely done - Reuters poll
LONDON British finance minister Philip Hammond is set to announce some modest infrastructure spending and housing stimulus next week, according to a Reuters poll of economists that found widespread expectations of a marked easing-off on deficit reduction.
Hammond plans 'steady as she goes' budget - MP
LONDON Chancellor Philip Hammond is likely to announce a "steady as she goes" budget plan next week without big tax or spending surprises, and he will avoid setting a firm target for turning the budget deficit into a surplus, a lawmaker said.
EU agrees new rules for money market funds, eliminating some
BRUSSELS European Union institutions have agreed on new rules for money market funds that will eliminate some kinds of funds and create others, EU officials said on Wednesday.
UK households worry more about inflation, see BoE rate hike - survey
LONDON, Nov 16 - Worries about inflation among British households have risen to their highest level in nearly two and a half years following the fall in the value of the pound since the Brexit vote in June, a survey showed on Wednesday.
British jobless rate hits 11-year low, but warning signs appear
LONDON Britain's unemployment rate unexpectedly fell to its lowest level in 11 years in the first three months after the Brexit vote, official data showed on Wednesday, but there were signs that a slowdown in the labour market could be coming. | Video
UK needs independent commission to boost home ownership - review
LONDON Britain should set up an independent housing commission and review flagship government programmes to help boost home ownership, according to a review led by the CEO of one of the country's biggest housebuilders.
Barratt cuts the price of some of its most expensive London homes
LONDON Britain's biggest housebuilder Barratt said it was cutting the price of some of its most expensive London homes by up to 10 percent in the latest sign that the market has cooled after property tax increases and the Brexit vote.
Fund manager laggards to be dropped from governance list
LONDON Fund managers in Britain will be ranked by how they compare on corporate governance and those who do not stick to the standards set by the country's watchdog will be struck off its list.
Bank of England's Carney - Attacks on central bankers are 'massive' blame game
LONDON Bank of England Governor Mark Carney said verbal attacks by politicians on central banks, such as criticism by U.S. President-elect Donald Trump of the U.S. Federal Reserve, were a "massive blame-deflection exercise".
