LONDON British politicians have urged banks to provide more services in poor areas after a Reuters article showed the largest are disproportionately closing branches in the lowest-income areas while expanding in wealthier ones.
LONDON Confidence among British consumers fell sharply in the days after the country decided to leave the European Union, according to a survey published on Thursday which gave a first glimpse of how the shock referendum result has affected households.
LONDON British consumer borrowing expanded at the fastest annual rate since 2005 in May, but analysts said this could be a high watermark before the shock of last week's vote to leave the European Union spreads through the economy.
LONDON Annual growth in British house prices picked up to a three-month high in June in the run-up to the Brexit vote, which has unclear implications for the housing market, mortgage lender Nationwide said Wednesday.
LONDON Britain will need to raise taxes and cut spending later this year to stabilise the public finances after last week's shock vote to leave the European Union, Chancellor George Osborne said on Tuesday. | Video
LONDON - British shop sales growth slowed slightly ahead of last week's referendum on European Union membership, an industry survey showed on Tuesday.
LONDON Britain suffered further blows to its economic standing on Monday as two top ratings agencies downgraded its sovereign credit score, judging last week's vote to leave the European Union would hurt its economy.
LONDON Ratings agency Moody's said Britain's creditworthiness was now at greater risk after voting to leave the European Union, as the country would face substantial challenges to successfully negotiate its exit from the bloc.
LONDON Britain's decision to leave the European Union is likely to result in the country entering into recession, said Richard Buxton, head of UK equities at Old Mutual Global Investors.
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