Budget 2013

UK labour costs rise as Bank of England watches

LONDON - British labour costs rose during the second quarter at their fastest pace in more than two years, official data showed on Thursday, reinforcing the view that the Bank of England is edging closer to raising interest rates.

Money Home, Money 01 Oct 2015

From heroes to bystanders? Central banks' growth challenge

WASHINGTON/FRANKFURT - Central bankers who led the charge to pull the global economy from a cliff during the financial crisis now risk becoming bit players, ill-equipped to snap the world out of sluggish growth and its addiction to cheap credit.

01 Oct 2015

'People's QE' plan not a taboo for all UK economists

LONDON - The 'People's Quantitative Easing' plan set out by the new leader of the Labour Party is too radical for most economists, but some say the idea of central banks printing money for government spending is not unthinkable.

01 Oct 2015

UK private sector growth slows in September

LONDON - Growth in Britain's private sector slowed in the three months to September as the manufacturing sector stagnated for the first time in more than two years, according a survey by the Confederation of British Industry (CBI).

01 Oct 2015

UK current account deficit narrows sharply, living standards pick up

LONDON - Britain's hefty current account deficit with the rest of the world narrowed much more sharply than expected after a surge in exports in the three months to June, but a slowing global economy may make this hard to sustain.

Money Home, Money 30 Sep 2015

UK house price growth picks up in September

LONDON - British house price growth accelerated in September and there were signs the market in London is heating up again, mortgage lender Nationwide said on Wednesday, adding to evidence the housing market has regained momentum.

Money Home, Money 30 Sep 2015

UK consumer confidence dips, hit by China and migrant crisis

LONDON - British consumer morale fell more than expected in September as people worried about China's economic slowdown and Europe's migration crisis, a survey showed on Wednesday.

Money Home, Money 30 Sep 2015

UK retail sales grow by more than expected in September

LONDON - British retail sales growth beat expectations this month by a comfortable margin, a survey by the Confederation of British Industry showed on Tuesday.

29 Sep 2015

UK mortgage lending shows biggest increase since 2008

LONDON - British mortgage lending increased by the greatest amount since 2008 after lenders approved the largest number of mortgages in more than a year and a half, adding to signs Britain's housing market is heating up.

Money Home, Money 29 Sep 2015


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