Edition:
United Kingdom

Budget 2013

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Pace of British construction activity slows as Brexit delays investment - survey

The pace of growth in Britain's construction industry slowed over the second quarter as investment was delayed by uncertainty over Brexit and the general election, a leading property body reported on Thursday.

20 Jul 2017
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Barely more than one in 10 UK firms putting Brexit plans into effect - IoD

LONDON Barely more than one in 10 British companies has started to put Brexit contingency plans into effect as many firms remain unclear about what leaving the European Union will mean, a leading business organisation said on Thursday.

20 Jul 2017
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UK state pension age to rise to 68 sooner than planned - minister

LONDON Britain's state pension age should rise to 68 earlier than previously planned, the government proposed on Wednesday, meaning people born between 1970 and 1978 will need to work an extra year before being able to retire.

UK, Money, Money Home, Pensions 19 Jul 2017
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British firms raise marketing budgets despite Brexit uncertainty - survey

British companies increased their marketing budgets during the second quarter despite uncertainties about the economy as the UK looks to exit the European Union, a survey showed on Wednesday.

Business, UK 19 Jul 2017
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After throwing in the kitchen sink, what's a central bank to do?

LONDON Central banks struggling to lift historically low interest rates and rein in stimulus programmes may have more on their minds than just getting back to normal -- they are, by some accounts, nowhere near ready to deal with the next recession or crisis.

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Sterling lunge before inflation data rekindles 'leak' concerns

LONDON A sharp fall in sterling just before June UK inflation data on Tuesday reignited concern among financial traders that official economic data is seen by some market players ahead of release time, despite restrictions on official access to the numbers.

Business, FXpert 18 Jul 2017
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UK inflation surprises with slowdown, easing pressure on Bank of England

LONDON British inflation unexpectedly slowed last month for the first time since October, dousing expectations among investors that the Bank of England might soon raise interest rates for the first time in a decade. | Video

Business, UK, Money, Money Home 18 Jul 2017
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BoE to hold rates along bumpy road to Brexit - Reuters poll

LONDON Above-target inflation won't push the Bank of England to tighten monetary policy this year or next as it waits to see if wage increases catch up with price rises and how divorce talks with the European Union pan out, a Reuters poll found.

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London economy suffering 'wobble' over Brexit worries - think tank

LONDON London's economy is wobbling from the early effects of Brexit judging from the capital's faltering housing market, fewer European Union citizens seeking work and weaker job creation, according to a report from the Centre for London think tank.

18 Jul 2017

Opinion

Felix Salmon

Britain’s fiscal failure

We’re now in a world where the wonkiest columnist in the driest newspaper in Britain is stating his case far more simply and clearly than a populist PR man turned PM.  Commentary 

Edward Hadas

Policy rhetoric flies in the face of reality

When words and actions don’t match up, the problem is usually overly ambitious promises. In the debate on economic policy in the UK, the failure is in the present – the government’s description of fiscal and monetary policy flies in the face of reality.  Commentary 

Peter Gumbel

A devalued pound can’t save the economy

Does devaluation still work? In the era after the financial crisis of 2007-08, there is mounting evidence that devaluation may not be able to help kick-start a stalled economy as readily as it may once have done.  Commentary 

Robert Cole

Homeowner tax switch would help

To tackle debt Osborne needs to protect tax revenue. To maximise revenue, and appease recession-restless voters, he needs to promote economic growth. He could do all three by stamping on the UK’s property transaction tax and closing a crucial loophole.  Commentary 

Kathleen Brooks

In defence of Osborne

You may say that our dreadful growth is the result of a lack of fiscal strategy, but this would be wrong. The trouble is that the economic strategy Osborne has adopted takes a long time to bear fruit and is fairly anti-growth, at least for the first few years.  Commentary 

Laurence Copeland

Budget day cheer is here again

Budget Day again, and the pressure on Chancellor George Osborne is rising ominously. There is little agreement about what needs to be done, but complete agreement that something has to change because the state of Britain’s economy is simply awful.  Commentary 

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