United Kingdom

Budget 2013


Trade gap narrows in October, construction lacklustre

LONDON Britain's trade deficit narrowed more than expected in October but overall there was little sign exports were getting much help from sterling's fall since Britain voted to leave the European Union in June, data showed on Friday.

Business, UK 09 Dec 2016

UK housing, hiring stay resilient despite Brexit vote - surveys

LONDON British house prices hit a seven-month high in November and companies hired more workers, surveys showed on Thursday, suggesting the economy remained resilient five months after Britain's vote to leave the European Union.

Business, UK, Money, Money Home 08 Dec 2016

UK house price growth speeds up for first time since March - Halifax

LONDON Growth in British house prices in November picked up speed for the first time since March although price increases may slow in the coming months, mortgage lender Halifax said on Wednesday.

UK, Business, Money, Money Home 07 Dec 2016

Industrial output sinks as weak sterling no boon for factories

LONDON Falls in sterling since the Brexit vote failed to boost Britain's manufacturers in October as industrial output, also hit by a shutdown at the country's largest oilfield, suffered its biggest monthly drop since 2012.

Business, UK 07 Dec 2016

UK narrows current account deficit after major data error

LONDON Britain appears to have relied slightly less on the "kindness of strangers" before the Brexit vote, after its statistics agency uncovered major errors in trade data that meant the current account deficit was narrower than first calculated.

Business, UK 07 Dec 2016

For London's food and wine businesses, Brexit has a bitter taste

LONDON Importing fine foods from Spain has been a good trade for London firm Brindisa, but like many food and wine businesses that rely on the free movement of goods and workers within the European Union, it has been badly hit by Britain's vote to leave. | Video

Business, UK, Spain 07 Dec 2016

Softer rate outlook does not justify easier mortgage rules - BoE

LONDON, Dec 6 Reduced market expectations of a big rise in interest rates do not mean the Bank of England should loosen rules designed to stop mortgage borrowers getting into difficulty, central bank regulators have agreed.

Business, UK, Money, Money Home 06 Dec 2016

Britain's financial sector paid record 71.4 billion pounds in taxes last year before Brexit

LONDON Britain's financial services sector contributed a record 71.4 billion pounds in taxes last year, highlighting the potentially big impact of the country's vote to leave the European Union, according to the City of London Corporation.

UK, Business 06 Dec 2016

UK retail sales slow in November, cluster around Black Friday - BRC

LONDON, Growth in British retail sales slowed in November after a bumper October as shoppers waited for big discounts around 'Black Friday' at the end of the month, industry figures showed on Tuesday.

Business, UK 06 Dec 2016


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