LONDON Britain could reset fiscal policy if necessary in the wake of the Brexit vote, finance minister Philip Hammond said on Friday in his strongest comments to date on how policy may change after Britain's historic decision to leave the European Union.
LONDON British retail sales suffered their sharpest monthly fall in six months in June, but stores said bad weather rather than Brexit was to blame, leaving open the question of how big a hit the vote to leave the European Union will deal to the economy.
LONDON Britain's economy will slide back into recession in the coming year, forcing the Bank of England next month to cut interest rates and start purchasing bonds again to support growth, according to a Reuters poll of economists.
LONDON Slow growth leaving swathes of the population with no real income gains for another 10 years will foster more disaffection that just bakes in political volatility and economic stagnation.
LONDON - British inflation rose more than expected in June and matched one of the highest rates seen over the last year and a half, boosted by a surge in airfares as soccer fans flocked to France for the Euro championships.
LONDON Bank of England policymaker Martin Weale said on Monday he was unsure whether he would back an interest rate cut at next month's BoE meeting, in contrast to most of his colleagues who think stimulus is likely after Britain voted to leave the EU.
LONDON Britain's poorest households now rely more on jobs than government benefits for their income, reducing inequality but leaving them more vulnerable to any post-Brexit downturn in the labour market, research showed on Tuesday.
LONDON British manufacturers' confidence about the outlook for their businesses and the wider economy has fallen to its lowest in at least two years after Britain's vote to leave the European Union, an industry survey showed on Tuesday.
LONDON The number of shoppers heading to British high streets and retail centres fell at the fastest pace in more than two years in June, with the weeks around the country's vote to leave the EU hit particularly hard, a survey found.
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
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
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
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
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
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