Edition:
United Kingdom

Budget 2013

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UK consumer morale softens in first quarter on price worries - Deloitte

LONDON British consumer confidence softened last month in the face of higher inflation, a survey showed on Monday, adding to the weight of evidence showing that higher inflation is taking the steam out of the main engine of the economy.

Business, Money, Money Home 24 Apr 2017
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May refuses to rule out personal tax hikes after election

LONDON British Prime Minister Theresa May refused on Saturday to rule out an increase in personal taxes if she wins a June election, riling supporters at the start of a campaign designed to strengthen her hand ahead of Brexit talks. | Video

UK, Money, Money Home 24 Apr 2017
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Bank of England's Saunders edges towards rate rise

LONDON Bank of England policymaker Michael Saunders on Friday opened the possibility that he will soon join a minority calling for higher interest rates, predicting that both growth and inflation could well exceed the BoE's earlier forecasts.

Business, Money, Money Home 22 Apr 2017
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UK retail sales post biggest quarterly fall since 2010

LONDON British retail sales posted their biggest quarterly fall in seven years in the first three months of 2017, as rising prices since last year's Brexit vote put more pressure on consumers, official data showed on Friday. | Video

Business, Money, Money Home 21 Apr 2017
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UK risks 22 percent tariff on EU food imports if no Brexit deal - retailers

LONDON British shoppers could face an average tariff of 22 percent on food from the European Union if Prime Minister Theresa May fails to reach a trade deal with Brussels before Britain leaves in two years time, retailers said on Thursday.

Business, UK, Money, Money Home 21 Apr 2017
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Britons still subdued over housing market outlook - Halifax

LONDON Britons' expectations for house prices for the coming year remain subdued following last year's Brexit vote, a survey from mortgage lender Halifax showed on Friday.

Business, UK, Money, Money Home 21 Apr 2017
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Britain bumps up previous estimates for current account deficit

LONDON Britain's current account deficit, one of the weak points of its economy, was bigger than previously thought in the years up to 2012, according to new estimates from the Office for National Statistics on Wednesday.

19 Apr 2017
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Inflation eats into British household budgets in April - Markit

LONDON Inflation ate further into the budgets of British households last month, according to a survey of consumers, adding to signs that households will be feeling under pressure in the run-up to the June snap election planned by Prime Minister Theresa May.

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British companies to increase ad budgets this year despite Brexit uncertainty - survey

British companies plan to increase their spending on advertising this year as they expect the UK economy to remain resilient despite the Brexit vote, a survey showed on Wednesday, reversing a previous forecast for a decline in ad budgets.

Business, UK 19 Apr 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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