United Kingdom

Budget 2013


UK public inflation expectations stable in August - Citi/YouGov

LONDON Expectations for inflation in Britain in the next 12 months stabilised this month after rising sharply in July, according to a Citi/YouGov survey on Thursday.

Business, UK, Money Home, Money 25 Aug 2016

British car output up in July but growth slows

LONDON British car production rose in July but at a slower pace than in June, according to an industry group which urged the government to make sure the country's exit from the European Union does not hamper the sector.

UK, Business 25 Aug 2016

UK banks approve fewest mortgages since January 2015, consumer credit growth strong

LONDON The number of mortgages approved by British banks fell to its lowest in a year in the month following Britain's vote to leave the European Union, but robust credit growth added to signs that the decision has had little impact on consumers so far.

Business, UK, Money Home, Money 24 Aug 2016

Scottish economy to see 2-11 billion pounds Brexit hit, government says

EDINBURGH Leaving the European Union will sap Scotland's economy by between 1.7 and 11.2 billion pounds ($14.76 billion) by 2030, depending on which new trade relationship Britain chooses, the Scottish government said on Tuesday.

UK, Business 23 Aug 2016

UK manufacturing export orders highest in two years after Brexit vote

LONDON Orders for British manufacturing exports hit a two-year peak in August following a Brexit-induced fall in sterling, as the weaker pound also pushed up price expectations to their highest in over a year, a survey showed on Tuesday.

UK, Business 23 Aug 2016

British supermarket sales edge higher - Kantar

LONDON British grocery sales rose 0.3 percent year on year in the 12 weeks to Aug. 14, with the march of the German discounters continuing unabated while market leader Tesco notched its slowest rate of decline in six months.

23 Aug 2016

UK public finances improve less than expected despite corporation tax boost

LONDON - Britain's public finances showed a smaller-than-expected budget surplus in July despite strong corporation tax receipts, according to the first official budget figures since the country's Brexit vote.

19 Aug 2016

Britons less gloomy about economy in August - poll

LONDON Britons turned less pessimistic about the economy in August than in July, an opinion poll showed, a latest sign that the short-term impact on consumers from the decision to quit the European Union may have been milder than expected.

18 Aug 2016

UK shoppers defy Brexit shock as spending jumps in July

LONDON - Shoppers in Britain shrugged off June's shock Brexit vote as retail sales jumped by much more than expected last month, official data showed on Thursday, | Video

18 Aug 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