Edition:
United Kingdom

Budget 2013

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Property, pensions deal big wealth hit to Britons born in 1980s

LONDON Britons who are now in their early thirties have half the wealth that people born 10 years earlier enjoyed at the same age, due to a combination of surging property prices and less generous pension schemes, a report published on Friday showed.

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UK house prices rise more slowly in September - Nationwide

LONDON British house prices rose more slowly in September than in August, according to figures from mortgage lender Nationwide, adding to signs of a cooling in the housing market after voters decided in June to leave the European Union.

Business, UK, Money Home, Money 30 Sep 2016
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UK consumer confidence surges to pre-Brexit levels - survey

LONDON, Sept 30 British consumer morale rocketed back to pre-Brexit levels in September, a survey found, confounding expectations that the vote to leave the EU would wreak more lasting damage on Briton's willingness to spend. | Video

UK, Business, Money Home, Money 30 Sep 2016
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UK lenders approve fewest mortgages in nearly two years - BoE

LONDON British lenders approved the fewest mortgages in nearly two years last month as the housing market continued to slow after June's vote to leave the European Union, raising the chance of an outright fall in prices next year.

UK, Business, Money Home, Money 29 Sep 2016
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S&P sees slowdown but no recession for UK and euro zone after Brexit

LONDON Britain and the euro zone will avoid a recession but face slower economic growth as a result of the decision by British voters to leave the European Union, ratings agency Standard & Poor's said on Wednesday.

Business, UK 28 Sep 2016
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More UK stimulus probably needed 'at some point' - BoE's Shafik

LONDON Bank of England Deputy Governor Minouche Shafik played down the likelihood of a further cut in interest rates this year as the British central bank grapples with how aggressively to respond to a slowdown following June's Brexit vote.

UK, Business, Money Home, Money 28 Sep 2016
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Job security fears hamper rebound in UK consumer confidence

LONDON British consumer morale recovered slightly in September, but fears over job security when Brexit talks begin next year could yet dampen confidence, a survey published on Wednesday found.

Business, Money Home, Money 28 Sep 2016
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UK retail sales suffer September setback - CBI

LONDON British retail sales fell unexpectedly this month after a strong showing in August, according to a survey published on Tuesday, contrasting with robust figures since June's vote to leave the European Union.

Business, UK 27 Sep 2016
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Britain says economy needs an infrastructure upgrade after political drama

LONDON Britain's economy needs an infrastructure and vocational education upgrade to deliver stability to businesses after months of political drama including the vote to leave the European Union, business secretary Greg Clark said on Tuesday.

UK, Business 27 Sep 2016

Opinion

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 

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