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 economy sucked in imports in the first three months of 2015, and the services sector turned out weaker than first thought, contributing to soft overall economic growth.
LONDON - British retail sales growth surged in May as expectations for sales next month hit their highest level in more than 26 years, an industry survey showed on Tuesday.
MANCHESTER, England - Bank of England Deputy Governor Minouche Shafik said on Friday she saw "encouraging" signs from wage and labour market data, and that the causes of Britain's plunging inflation rate were not expected to last long.
LONDON - Britain's public sector budget deficit narrowed more than expected in April, giving Chancellor George Osborne a boost as he renews his push to fix the country's public finances.
LONDON - Nationwide's Chief Executive Graham Beale said he expected Britain's housing market to be stronger this year after the UK's second-biggest provider of home loans reported a 32 percent rise in full-year profit.
LONDON - The past year's sharp oil price fall may have a longer-lasting effect on British inflation than the Bank of England assumes, but the central bank would be wise to look through such one-off effects, a BoE policymaker said on Thursday.
LONDON - British retail sales surged in April as consumers took advantage of falling prices and unusually warm weather encouraged shoppers to buy new clothes.
LONDON - British factory orders slowed to their lowest level in seven months in May but manufacturers remained optimistic about the short-term outlook, the CBI's monthly industrial trends survey showed on Thursday.
LONDON - The European Union risks pricing itself out of the global economy by excessive regulation, Chancellor George Osborne said on Wednesday, making the case for reforms in the bloc ahead of a referendum on whether Britain remains a member.
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