United Kingdom

Budget 2013

UK retail sales tick up but EU referendum clouds outlook - CBI

LONDON British shop sales edged up this month after a sharp fall in April, but expectations for June sagged as uncertainty about the European Union referendum unsettled retailers, an industry survey showed on Tuesday.

11:00am BST

Britain borrows more than expected in April and last financial year

LONDON Britain's government borrowed more than expected in April as corporation tax revenues fell, possibly reflecting a slowdown in the economy, while the budget deficit for the last financial year was revised up.

9:43am BST

Cameron says cost of holidays to rise if UK leaves EU

LONDON The cost of a family holiday to Europe could rise by up to 230 pounds if Britons vote to leave the European Union next month, the prime minister said on Tuesday in the latest in a string of warnings of the impact of Brexit on family finances.

Money Home, Money 7:33am BST

Leaving EU is "self-destruct option" for economy and jobs, Cameron says

EASTLEIGH, England Leaving the European Union would be economic self-destruction for Britain, shattering stability, Prime Minister David Cameron said on Monday, presenting a Treasury report warning of recession, a tumble in the pound, and half a million job losses.

Money Home, Money 23 May 2016

Britain risks year-long recession if votes for Brexit - Osborne

LONDON Britain could sink into a year-long recession if it votes to leave the European Union, Chancellor George Osborne said in his latest attempt to focus voters on the potential hit to the economy from an "Out" vote.

23 May 2016

Cameron warns Brexit would drive up food prices

LONDON British Prime Minister David Cameron warned voters on Sunday that they would face higher grocery bills if the country decides to leave the European Union at a June 23 referendum, citing a potential drop in the value of sterling.

Money Home, Money 23 May 2016

Osborne sees house prices sliding 10-18 percent if Britain leaves EU

LONDON British house prices would fall 10 percent to 18 percent if the country voted to leave the European Union, Chancellor George Osborne said on Friday.

Money Home, Money 23 May 2016

CBI factory orders pick up at fastest rate in five months

LONDON British factory orders have risen this month at the fastest rate since the end of last year, and overall output rose at the strongest pace since August, figures from the Confederation of British Industry showed on Friday.

20 May 2016

Bank of England's Vlieghe says UK may need more stimulus if growth stays weak

LONDON The Bank of England may need to provide more stimulus to Britain's economy if growth does not recover as forecast after next month's referendum on European Union membership, BoE policymaker Gertjan Vlieghe said on Thursday.

20 May 2016


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