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 - Investors may have over-reacted to signs of economic slowdown, although they have been right to price in weaker global growth prospects, the Bank of England's chief economist said in a Sunday newspaper interview.
LONDON - Business investors are increasingly worried about political risks in Britain, including the outcome of a general election in May and a possible referendum on European Union (EU) membership, an economic forecasting firm said.
LONDON - Britain's economic recovery might stall if interest rates rise too soon, the Bank of England's chief economist said on Friday as he offered the strongest signal yet that the bank is prepared to delay increases in borrowing costs.
LONDON - Falling inflation, stock markets and growth rates have virtually wiped out lingering expectations for a Bank of England interest rate hike this year though the consensus for a rise early in 2015 has not budged, a Reuters poll found on Thursday.
LONDON - Britain's independent budget watchdog said on Thursday it will work with tax authorities to look at how strong jobs growth but weak earnings have dented income tax revenues, before it makes new forecasts in December.
LONDON - Lower-than-expected British government borrowing in the last financial year was almost completely explained by cyclical factors that will disappear as the economy recovers, the Office for Budget Responsibility said on Thursday.
LONDON - Britain may need to raise almost 10 billion pounds less from financial markets this year than previously thought, after its statisticians and the Treasury discovered a raft of errors in a key measure of borrowing needs.
LONDON - British companies raised their advertising budgets for the eighth quarter in a row in June to September, reflecting increased confidence in the country's broad-based recovery from recession.
HULL England - The Bank of England will not seek to react to financial markets' changing expectations about when the central bank will start to raise interest rates, a BoE policymaker said on Wednesday.
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
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