LONDON British consumers increased their borrowing at the slowest pace in more than a year-and-a-half in May and banks offered fewer mortgages, data from the country's banking industry showed on Monday, adding to signs of a slowdown in the economy.
LONDON Bank of England policymaker Kristin Forbes said on Thursday she feared the pound's weakness would have a lasting upward effect on inflation, and that she was concerned central banks were becoming more reluctant to raise rates than in the past.
LONDON Britain's markets watchdog has proposed stricter rules for people who advise customers who want to switch from a defined benefit pension plan to a scheme that relies on investment performance.
LONDON The Bank of England moved closer to ending its decade-long emergency support for Britain's economy on Wednesday when its chief economist, Andy Haldane, said he was likely to vote for an interest rate hike this year.
LONDON The Bank of England reported on Wednesday that consumers were under growing pressure form rising inflation, but business investment plans had strengthened and sterling weakness was boosting export volumes.
LONDON Now is not the time to raise interest rates, Bank of England Governor Mark Carney said on Tuesday, warning that already weak wage growth risked a further loss of momentum as Britain prepares to leave the European Union. | Video
LONDON The Bank of England shocked financial markets on Thursday when it said three of its policymakers voted for an interest rate hike, the closest it has come to raising rates since 2007, despite signs of a slowdown in Britain's economy.
LONDON, June 15 British retail sales fell more sharply than expected in May, data showed on Thursday, the latest sign of the growing hit to the economy from rising inflation since the Brexit vote.
LONDON British workers are suffering from an increasingly tight squeeze in their spending power, data showed on Wednesday, adding to concerns about a slowdown in the world's fifth-biggest economy and to the challenges for a weakened Prime Minister Theresa May. | Video
LONDON British inflation unexpectedly jumped to its highest level in nearly four years in May, tightening the squeeze on consumers and complicating the job of the Bank of England, which has signalled it is in no hurry to raise interest rates. | Video
LONDON British house prices rose at their slowest rate since August 2016 last month and fewer houses were put up for sale, as jitters about Thursday's election added to a lull in the housing market, a survey showed.
LONDON Aviva , Britain's biggest life insurer, is selling about 1 billion pounds worth of bonds and shares it holds in tobacco companies, joining a global campaign to divest from the industry.
LONDON British fund managers have raised their allocations to eurozone equities to the highest level since August 2016 after an emphatic French election win for centrist Emmanuel Macron pushed back the threat of a European Union break-up.