Edition:
United Kingdom

Budget 2013

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UK consumers to be more cautious spenders, GDP growth to slow - Reuters poll

LONDON British consumers will be cautious about spending this year as inflation soars, but the country will avoid recession as the Bank of England is expected to maintain its ultra-easy policy stance, a Reuters poll found.

18 Jan 2017
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Number of UK workers edges down again, but pay growth picks up pace

LONDON British workers saw their pay grow at the fastest pace in more than a year in the three months to November, official data showed on Wednesday, adding to signs that the country's economy ended 2016 strongly despite the shock of the Brexit vote.

Business, UK 18 Jan 2017
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Rising inflation hurts outlook for UK households - survey

LONDON Rising inflation weighed on the financial outlook of British households in January, a survey showed on Wednesday, an early sign that price pressures caused by sterling's fall after the Brexit vote may be starting to worry consumers.

Business, UK 18 Jan 2017
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Brexit hit pushes UK inflation to highest since mid-2014

LONDON British inflation rose more strongly than expected in December to hit its highest level since mid-2014, propelled by the Brexit-fuelled fall in the value of sterling which looks set to hit consumers' spending power harder in the coming months. | Video

17 Jan 2017
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UK businesses wary about investment on Brexit doubts - survey  

LONDON British businesses are increasingly cautious about their investment plans as they worry about how the country's planned departure from the European Union will affect the economy this year, a survey showed on Tuesday.

UK, Business 17 Jan 2017
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Bank borrowing by smaller UK firms falls again - Bank of England

LONDON A post-Brexit vote slump in demand for bank lending among small and medium-sized British firms continued into the last three months of 2016 and banks expect small companies will remain reluctant to borrow in early 2017, the Bank of England said.

13 Jan 2017
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British jobless rate unlikely to rise much in 2017 - Bank of England's Saunders

LONDON British unemployment is unlikely to rise this year by as much as the Bank of England forecast two months ago, and should instead stay close to its current 11-year low, one of the bank's policymakers said on Friday.

Business, UK 13 Jan 2017
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BoE's Carney - curbing consumer lending would be 'big call'

LONDON Bank of England Governor Mark Carney said it would be a "big call" for the central bank to rein in rapid growth in consumer lending, which picked up strongly last year and brought some echoes of the period before the global financial crisis.

Business, UK, Money, Money Home 12 Jan 2017
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Britain's economy likely expanded 0.5 percent in fourth-quarter - NIESR

LONDON Britain's economy likely expanded by 0.5 percent in the final three months of last year, slowing slightly from the third quarter, the National Institute of Economic and Social Research said on Wednesday.

11 Jan 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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