United Kingdom

Budget 2013


UK households squeezed again, BoE might make it worse - survey

LONDON British households are feeling the tightest squeeze on their finances in three years and the Bank of England's signal that it is getting close to raising interest rates is likely to make things worse, a survey showed on Monday. | Video

Business, Money, Money Home 18 Sep 2017

UK businesses call for three-year Brexit transitional deal

LONDON British business leaders from companies including BT and Centrica said they wanted a three-year Brexit transitional deal to protect jobs in Britain and Europe.

UK, Business 18 Sep 2017

UK nurses bid for 3.9 percent salary rise in latest push against pay cap

LONDON Nurses, midwives and cleaners working in Britain's publicly-funded National Health Service (NHS) called on ministers to boost their salaries by 3.9 percent, in the latest push against a government-imposed cap on pay rises.

UK, Money, Money Home 18 Sep 2017

Bank of England dove echoes rate hike message, sterling jumps

LONDON The prospect of British interest rates rising for the first time in 10 years grew on Friday when a Bank of England policymaker who had been its strongest advocate of ultra-low borrowing costs said rates might need to rise in the coming months.

Business, UK, Money, Money Home 15 Sep 2017

London house prices record biggest fall since 2008 - RICS

LONDON House prices in central London fell at their sharpest pace since 2008 in August, intensifying the slowdown in the capital's housing market, but prices went up in other regions of Britain, a survey showed on Thursday.

Business, UK, Money, Money Home 14 Sep 2017

Bank of England paves way for first rate hike in a decade

LONDON The Bank of England said it was likely to raise interest rates in the coming months if the economy and price pressures keep growing, giving its clearest signal to date that Britain's first rate hike in a decade is approaching.

Business, UK, Money, Money Home 15 Sep 2017

UK pay puzzle deepens, easing pressure on Bank of England

LONDON Britain's job market is defying the Brexit blues but wages are still in the dumps, data showed, suggesting the Bank of England will tread carefully on Thursday with any signals about when it may finally raise interest rates.

Business, UK, Money, Money Home 13 Sep 2017

Britain eases public sector pay grip with rises for police

LONDON Britain's government partially abandoned a cap on public-sector pay on Tuesday, saying it would raise wages for police and prison guard by more than its long-standing 1 percent limit.

UK, Business, Money, Money Home 13 Sep 2017

UK inflation jump puts Bank of England back in spotlight on rates

LONDON British inflation hit its joint highest level in more than five years in August, complicating the Bank of England's job this week of explaining why it is not raising interest rates. | Video

Business, UK, Money, Money Home 12 Sep 2017


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