Chancellor George Osborne turned to the Bank of England on Wednesday to help galvanise a stagnant economy which he said would grow this year at just half the rate previously expected. Full Article
LONDON - British house prices unexpectedly fell last month, taking the annual rate of price increases to its lowest in two years, mortgage lender Nationwide said on Thursday.
LONDON - The British public's expectations for inflation in the next 12 months rose in June, according to a survey published on Wednesday.
LONDON - British economic productivity returned to modest growth in the first three months of the year, official data showed on Wednesday, giving some encouragement to the Bank of England as it holds interest rates at a record low.
LONDON - Britain's economy enjoyed a stronger start to the year than previously thought, buoyed by big-spending consumers and an upturn in business investment, but weak exports continued to act as a drag on growth.
LONDON - British consumer morale surged to its highest in over 15 years this month as shoppers said they were ready to spend, a survey showed on Tuesday, adding to signs that growth is picking up after a weak start to the year.
LONDON - British mortgage approvals fell unexpectedly in May, Bank of England data showed on Monday, countering other recent signs that activity in the housing market has picked up in recent months.
LONDON - British retail sales growth eased in June from a five-month high reached during the previous month, although it remained above average for the time of year, an industry survey showed on Thursday.
LONDON - British car production rose in May compared to the same month last year due to a double-digit rise in demand from domestic buyers, an industry body said on Thursday.
LONDON - Britain's labour market is "fizzing away nicely" and wages are growing faster than expected, Bank of England policymaker Martin Weale said in an interview with the Financial Times in its Wednesday edition, indicating that he might soon vote for a rate rise.
Chancellor George Osborne looks to the Bank of England for more help. Full analysis from the NAB trading floor with currency strategist Nick Parsons and head of market economics Tom Vosa. Video
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