Budget 2013

Crises spoil Chinese, Russian appetite for luxury London property

LONDON Crises at home and turmoil on world markets may have taken the shine off London's luxury property market for Chinese, Russian and Middle Eastern investors: some are even looking to sell up.

Money Home, Money 05 Feb 2016

UK starting salaries rise in January at slowest pace since 2013

LONDON British starting salaries for new permanent and temporary jobs rose last month at the slowest pace since October 2013, according to a survey on Friday which will do little to quell the Bank of England's unease about a slowdown in wage growth.

Money Home, Money 05 Feb 2016

Bank of England cuts growth outlook, rate hike a distant prospect

LONDON The Bank of England cut its growth forecasts on Thursday and the only policymaker who had been pushing for a rate hike reversed his position, suggesting rates will stay on hold for the foreseeable future.

Money Home, Money 05 Feb 2016

UK house price growth surges again in January

LONDON British house prices rose at a much stronger pace than expected last month, fuelled by a shortage of new homes coming to the market, mortgage lender Halifax said on Thursday.

Money Home, Money 04 Feb 2016

UK new car registrations rose at least 3 percent in January

LONDON British new car registrations rose by at least 3 percent year-on-year in January, according to preliminary industry data, continuing a series of rises helped by low interest rates, cheap credit and rising consumer confidence.

04 Feb 2016

Moody's says June EU vote would ease uncertainty for UK economy

LONDON A June referendum in Britain on whether to remain part of the European Union would reduce political and economic uncertainty caused by the vote, Moody's said on Wednesday, warning again that a "Brexit" would be negative for the UK's credit rating.

04 Feb 2016

Bank of England to tread fine line on distant rate bets

LONDON The Bank of England probably disagrees with investors who think it will keep interest rates at a record low for almost another two years, but it's unlikely to say so very loudly on Thursday.

Money Home, Money 02 Feb 2016

UK December mortgage approvals hit four-month high

LONDON British mortgage approvals unexpectedly rose in December to their highest since August and consumer credit recorded its sharpest annual growth in nearly a decade, Bank of England data showed on Monday.

Money Home, Money 01 Feb 2016

UK consumers most confident since August, but wary of year ahead

LONDON British consumer morale rose for a second month in a row in January to hit its highest level since last summer, but households remain pessimistic about the outlook for the country's economy, a survey showed on Friday.

Money Home, Money 29 Jan 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