Chancellor George Osborne turned to the Bank of England on Wednesday to help galvanise a stagnant economy which he said would grow this year at just half the rate previously expected. Full Article
LONDON - Britain's public finances improved slightly in October but Chancellor George Osborne is still unlikely to meet his budget goals before next year's general election.
LONDON - British manufacturers expect their output in the next three months be its weakest in more than a year even after orders picked up in November, an industry survey showed on Thursday.
LONDON - British retail sales jumped in October, suggesting that shoppers will take the edge off an end-of-year economic slowdown as Europe's weak growth takes its toll on Britain's factories.
LONDON - British car production fell by nearly 7 percent year-on-year in October and the industry looks set to miss its full-year target due to weaker overseas demand, an industry body said on Thursday.
LONDON - Differences over the risks to Britain's economy surfaced this month among the Bank of England officials who have voted to keep interest rates on hold, complicating the outlook for monetary policy.
LONDON - British workers' real earnings fell to levels not seen in more than a decade in the 12 months to April but there were also signs of above-inflation wage growth for many employees, a broad survey of incomes showed.
LONDON - British households felt less worried about their finances in November as concerns about inflation eased to their lowest level in more than five years and earnings continued to recover, a monthly survey showed on Wednesday.
LONDON - Bank of England policymaker Ian McCafferty suggested he and fellow rate-setter Martin Weale once again voted for an interest rate hike this month, although he said the weakness in the euro zone economy was a worry.
LONDON - The slowdown in global financial flows since the 2008-09 crisis could make it harder to fund Britain's vast current account deficit, although a 1960s-style currency crisis is unlikely, a Bank of England official said on Tuesday.
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