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 

UK public finances improve, but remain far off-track

LONDON - Britain's public finances improved slightly in October but Chancellor George Osborne is still unlikely to meet his budget goals before next year's general election.

21 Nov 2014

CBI factory outlook weakens despite November bounceback

LONDON - British manufacturers expect their output in the next three months be its weakest in more than a year even after orders picked up in November, an industry survey showed on Thursday.

20 Nov 2014

UK retail sales rebound, set to counter growth slowdown

LONDON - British retail sales jumped in October, suggesting that shoppers will take the edge off an end-of-year economic slowdown as Europe's weak growth takes its toll on Britain's factories.

20 Nov 2014

British car production falls in October, hit by lower foreign demand

LONDON - British car production fell by nearly 7 percent year-on-year in October and the industry looks set to miss its full-year target due to weaker overseas demand, an industry body said on Thursday.

20 Nov 2014

Differences appear within majority of BoE rate-setters

LONDON - Differences over the risks to Britain's economy surfaced this month among the Bank of England officials who have voted to keep interest rates on hold, complicating the outlook for monetary policy.

Money Home, Money 19 Nov 2014

UK real earnings sink to decade-low but some see pay pick up

LONDON - British workers' real earnings fell to levels not seen in more than a decade in the 12 months to April but there were also signs of above-inflation wage growth for many employees, a broad survey of incomes showed.

Money Home, Money 19 Nov 2014

UK households less worried about finances as inflation fades

LONDON - British households felt less worried about their finances in November as concerns about inflation eased to their lowest level in more than five years and earnings continued to recover, a monthly survey showed on Wednesday.

Money Home, Money 19 Nov 2014

BoE's McCafferty says he and Weale have consistently backed rate hikes

LONDON - Bank of England policymaker Ian McCafferty suggested he and fellow rate-setter Martin Weale once again voted for an interest rate hike this month, although he said the weakness in the euro zone economy was a worry.

Money Home, Money 19 Nov 2014

Weaker finance flows could deepen UK current account woes - BoE's Forbes

LONDON - The slowdown in global financial flows since the 2008-09 crisis could make it harder to fund Britain's vast current account deficit, although a 1960s-style currency crisis is unlikely, a Bank of England official said on Tuesday.

19 Nov 2014


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