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Moody's warns UK consumers are vulnerable to BoE rate hike

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LONDON British consumers are vulnerable to a hike in interest rates, ratings agency Moody's said on Thursday, two weeks before the Bank of England is widely expected to hike borrowing costs for the first time in more than a decade.

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Millions of Britons in financial difficulty 18 Oct 2017

LONDON Over four million people in Britain are having difficulties paying their monthly bills, the Financial Conduct Authority (FCA) said on Wednesday, at a time when inflation is rising and interest rates may follow.

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UK watchdog tells EU not to disrupt funds industry 18 Oct 2017

LONDON The long-established practice of funds in one country being run by managers based in another works well and no changes are needed, Britain's top markets regulator said on Tuesday in a swipe at European Union plans that have also been criticised by the sector.

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UK pay lags inflation again, BoE still seen raising rates 18 Oct 2017

LONDON British pay growth has lagged behind inflation again, official data showed on Wednesday, adding to questions about how quickly the Bank of England will raise interest rates after an initial hike expected on Nov. 2. | Video

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Bank of England still faces growth-inflation trade-off - Carney 17 Oct 2017

LONDON Bank of England Governor Mark Carney said on Tuesday the central bank still had to balance the need to support job creation and growth with an inflation rate that is running above its target.

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Bank of England's Tenreyro says not ready to vote for rate hike 17 Oct 2017

LONDON New Bank of England rate-setter Silvana Tenreyro said she was not ready to vote to raise the Bank's record low interest rates in November although she might do so in the coming months if inflation pressure builds in Britain's labour market.

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New Bank of England deputy says not ready to vote for rate hike 17 Oct 2017

LONDON The Bank of England's new deputy governor distanced himself from the central bank's majority view that interest rates probably need to rise soon, and another newcomer said her support for that position was "very contingent on the data".

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EU watchdogs to study cost, performance of mutual funds 17 Oct 2017

PARIS European Union financial regulators will conduct a large-scale study of the cost and performance of mutual funds, a top regulator said on Tuesday.

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British inflation at 5-1/2-year high in September, rate hike on track 17 Oct 2017

LONDON British inflation rose to its highest level in more than five years in September, official data showed on Tuesday, adding to the likelihood that the Bank of England will raise interest rates next month. | Video

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No Brexit deal would raise UK household bills by 260 pounds a year - report 17 Oct 2017

LONDON British households would have to pay an average of 260 pounds a year more for food, clothing and transport if their government fails to strike a post-Brexit free trade deal with the European Union, a research paper showed on Tuesday.

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London mayor tackles city's affordable housing crisis with purchase plan

London The mayor of London plans to spend 250 million pounds buying land to tackle the city's affordable housing crisis, which he described on Wednesday as the single biggest barrier to prosperity for Londoners.

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