LONDON British banks approved more mortgages in October than a month before, taking the annual growth rate to the highest since April 2014, while personal lending expanded by the largest amount since March.
LONDON Britain's economy is not going through a credit boom and the fall in manufacturing employment in the country is a result of global trends, Bank of England Deputy Governor Ben Broadbent was quoted as saying in a newspaper interview published on Tuesday.
LONDON There won't be any press conferences, fireworks or tears to mark its passing, but the latest wave of austerity worldwide may well have had its day.
LONDON Bank of England Governor Mark Carney said he did not know when British interest rates should start to rise, once again sounding vaguer than before about when the BoE might begin easing the economy off record-low borrowing costs.
LONDON Chancellor George Osborne will have to borrow 5 billion pounds more this financial year than he planned in July, according to a Reuters poll conducted before a budget statement he is due to deliver on Wednesday.
LONDON There are more downside risks to British economic growth and inflation than reflected in the Bank of England's latest economic outlook, the central bank's chief economist Andy Haldane said on Tuesday.
LONDON UK markets have not even begun to discount the chance that Britain could vote to leave the European Union next year, raising the risk of a blowup closer to the vote and complicating the timing of any Bank of England interest rate rise, top investors say.
LONDON The attacks in Paris are unlikely to have a significant impact on the British or global economy, a Bank of England policymaker was quoted on Monday as saying.
LONDON Britain may not face a credit rating downgrade if it votes to leave the European Union in a membership referendum due by the end of 2017, the lead UK analyst at ratings agency Moody's said in an interview with the Sunday Telegraph newspaper.
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