Budget 2013

With growth halved, Chancellor Osborne turns to Bank of England for help

Britain's Chancellor of the Exchequer, George Osborne, holds up his budget case for the cameras as he stands outside number 11 Downing Street, before delivering his budget to the House of Commons, in central London March 20, 2013. REUTERS/Stefan Wermuth

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 


Osborne says IMF deficit forecast is reason to vote Conservative

LONDON - Chancellor George Osborne said on Thursday an International Monetary Fund forecast that Britain is likely to miss his budget deficit forecasts means people should vote for the Conservative Party next month.

16 Apr 2015

UK house price growth hits five-month high in March

LONDON - British house prices grew at their fastest pace in five months in March, fuelled by a shortage of properties, a survey showed on Thursday, adding to other signs that a cooling of the market may be ending.

Money Home, Money 16 Apr 2015

Voters count cost of living standards pain

BEDWORTH, England - Joe Terrence is the kind of voter, fed up with falling living standards, that David Cameron must try to win over if he is to remain prime minister next month.

Money Home, Money 16 Apr 2015

UK companies raise advertising budgets ahead of election

LONDON - British companies have spent more on marketing for the 10th consecutive quarter, reflecting optimism about the economy despite concerns over next month's election, according to an industry survey on Thursday.

16 Apr 2015

Cameron woos voters with Thatcherite dream of home-owning democracy

SWINDON/LONDON - Prime Minister David Cameron launched his party's pre-election policy manifesto on Tuesday, promising to deliver the "Conservative dream" of a home-owning democracy, where over 1 million more families could buy their homes cheaply.

Money Home, Money 14 Apr 2015

UK inflation steady at record-low zero percent in March

LONDON - British consumer price inflation held steady at a record-low zero percent in March, official figures showed on Tuesday, boosting households' disposable income before May 7's election.

Money Home, Money 14 Apr 2015

UK retail spending rises at fastest rate in almost a year - BRC

LONDON - British retail spending rose at its fastest annual rate in almost a year last month, boosted by Easter falling a month earlier than in 2014, an industry body said on Tuesday.

14 Apr 2015

Labour's Miliband tells British voters: Trust me on the economy

MANCHESTER/LONDON - Opposition Labour leader Ed Miliband tried to overturn a damaging perception his party cannot be trusted on the economy, unveiling a manifesto he said showed it had the most responsible plan to manage Britain's finances.

Money Home, Money 14 Apr 2015

UK economy likely maintained pace in Q1 - NIESR research group

LONDON - British economic growth probably held at 0.6 percent in the first quarter of this year, the same pace as at the end of last year, the National Institute of Economic and Social Research said on Friday.

13 Apr 2015


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