United Kingdom


Stressed pension funds urge UK to sell more inflation-proof debt

LONDON Pension funds are pushing the British government to issue more index-linked bonds to insulate them from inflation and help cope with worrisome accounting deficits that have intensified since Britain voted in June to leave the European Union.


Small July surplus could limit Hammond's fiscal reset for UK 19 Aug 2016

LONDON Britain's public finances showed a smaller-than-expected budget surplus in the first month after the vote to leave the European Union, potentially limiting the ability of new Chancellor Philip Hammond to give the economy a big boost later this year. | Video


In proudly multi-cultural London, many find Brexit hard to stomach 18 Aug 2016

LONDON Ask most people in inner city London how they felt when they found out that Britain had voted to leave the European Union, and the chances are the memories are not happy ones.


UK households recover from Brexit hit to confidence on finances, Markit says 17 Aug 2016

LONDON British households have recovered from a loss of confidence about their finances after the country voted to leave the European Union, a survey showed on Wednesday, another sign consumers are taking the referendum result in their stride.


UK considers plan to pay households affected by fracking 07 Aug 2016

LONDON Some tax proceeds from shale gas developments in Britain could be given directly to residents, Prime Minister Theresa May said on Sunday, in a bid to help clear the path for an industry hampered for years by local opposition to fracking.


Top BoE officials flag lower rates as surveys show trouble ahead 05 Aug 2016

LONDON The Bank of England's top two monetary policymakers said interest rates may need to fall further, as surveys on Friday sustained their view that even a "sledgehammer" stimulus will not be enough to fully counter a post-Brexit vote slowdown.


Cameron accused of cronyism over honours for allies 05 Aug 2016

LONDON David Cameron was accused on Friday of cronyism that would "embarrass a medieval court" after he rewarded a long list of his political aides and allies with some of Britain's highest honours to mark his resignation as prime minister.


Bank of England set to cut rates for first time since 2009 04 Aug 2016

LONDON The Bank of England is expected to cut interest rates for the first time since 2009 on Thursday as Britain's economy slips towards recession in the wake of June's vote to leave the European Union.


UK banks pin Brexit hopes on financial crisis bailout negotiator 04 Aug 2016

LONDON In early October 2008, then Business Minister Shriti Vadera called a secret meeting of bankers and government officials on the top floor of Standard Chartered's City of London headquarters to address Britain's biggest peacetime crisis.


UKIP in turmoil as favourite excluded from leadership race 03 Aug 2016

LONDON Britain's UK Independence Party, whose growing influence helped prompt a June 23 referendum that saw the country vote to quit the European Union, was plunged into turmoil on Wednesday over the choice of a new leader.