Edition:
United Kingdom

Budget 2013

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UK consumers downbeat on finances as inflation bites

LONDON The rise in inflation in Britain after the Brexit vote has made households the most downbeat about their finances in more than two years, and the giant services sector is also feeling the impact, surveys showed on Friday.

UK, Business, Money, Money Home 26 May 2017
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UK mortgage approvals slip in April, consumer borrowing speeds up - BBA

LONDON, May 25 British banks approved the fewest mortgages in five months in April and the value of home loans grew at the slowest pace since August, industry figures showed, adding to signs of a slowdown in the housing market.

Business, UK, Money, Money Home 25 May 2017
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Is UK sick man of Europe? Not yet, even as economy slows sharply

LONDON Britain's economy slowed more sharply than first thought in early 2017 as consumers felt the hit from the rise in inflation that followed the Brexit vote and exporters struggled to benefit from the weak pound. | Video

Business, UK 25 May 2017
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Late Easter pulls down UK car output by 18 percent in April

LONDON British car production fell 18.2 percent in April from a year earlier as the number of manufacturing days in the month was reduced by a later Easter break, an industry body said on Thursday.

Business, UK 25 May 2017
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UK inflation expectations edge up, little pressure on BoE - Citi/YouGov

LONDON The British public's expectations for inflation over the next 12 months rose slightly this month but remained within the tight range of the past six months, a survey for Citi by polling company YouGov showed on Wednesday.

Business, Money, Money Home 24 May 2017
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UK's consumer slowdown ripples through Britain's economy

LONDON The Brexit squeeze on British consumers has hurt the government's finances as well as retailers, data showed on Tuesday, indicating that the economy's slowdown at the start of the year is now being felt more broadly.

23 May 2017
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UK budget deficit widens more than expected as VAT revenues stall

LONDON, May 23 Britain's budget deficit widened by more than expected at the start of the new financial year as value-added tax revenues flat-lined, reflecting the strain on consumers from rising inflation after the Brexit vote.

Business, UK 23 May 2017
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UK CBI factory orders see fastest growth since February 2015 in May

LONDON, - British factory orders are growing at the fastest since February 2015, and output in the past three months rose by the most since 2013, a monthly survey by the Confederation of British Industry showed on Friday.

Business, UK 19 May 2017
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Conservatives aim to end budget deficit by mid-2020s

HALIFAX, England Prime Minister Theresa May promised on Thursday to wipe out Britain's budget deficit by the mid-2020s if her Conservative Party wins the June 8 national election, sticking to a softer fiscal programme she adopted after taking power last year.

18 May 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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