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 - The number of British companies increasing their marketing spend grew at its strongest pace in 14 years in the first quarter, signalling optimism that Britain's recovery from recession is gaining momentum, an industry survey showed on Thursday.
LONDON - Britain’s unemployment rate unexpectedly dropped in the three months to February, reviving speculation the Bank of England will start raising interest rates earlier than it has signalled.
LONDON - A strike at Scotland's only oil refinery contributed to a sharp slowdown in economic growth at the end of 2013 at a time when the rest of the British economy was booming, data showed on Wednesday.
LONDON - British housebuilder Persimmon said demand for new houses continued to strengthen, helped by government intervention to help first-time buyers.
LONDON - British households feel under the least financial pressure in more than five years, due to lower inflation and the prospect of higher wages, a monthly survey showed on Wednesday.
LONDON - British inflation fell to its lowest in over four years in March, easing pressure on living standards and raising the prospect that prices may now be rising by less than wages for the first time in years.
LONDON - Bank of England policymaker Ben Broadbent said on Tuesday he is seeing signs that British businesses are investing more as the economy recovers.
LONDON - British construction output shrank in February, as floods and heavy rains in many parts of the country delayed work..
LONDON - House prices and sales took off again in Britain last month, reflecting the economy's surprisingly fast recovery, but the Bank of England stuck to its course and left interest rates unchanged at record lows.
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