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
LONDON - A Bank of England policymaker said on Tuesday she thought the outlook for the global economy might not be as weak as some of her colleagues believe and could be less of a drag on Britain's recovery than the bank has forecast.
PARIS - The global economy will gradually improve over the next two years but Japan will grow less than previously expected while the euro zone struggles with stagnation and an increased deflation risk, the OECD said on Tuesday.
LONDON - British banks approved 37,076 mortgages for house purchase in October, the lowest number since May last year, as the housing market continued to slow, the British Bankers' Association said on Tuesday.
LONDON - The services sector that forms the bulk of Britain's economy grew steadily in the three months to November, but companies are growing less optimistic about the outlook, a survey published on Tuesday showed.
PARIS - The countdown has begun to what threatens to be a missed opportunity to revive Europe's stalled economy.
LONDON - Next week's "Black Friday", a traditional discount day for U.S. retailers, looks set to be the biggest ever for British shops as more join in the promotional event to kickstart Christmas sales.
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.
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.
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.
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
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